The condition of a stock market when prices are falling, i.e. softening.
A soft market, also known as a buyer's market, is one in which supply exceeds demand. In the financial world, the term often refers to a time in which there are more shares or bonds for sale than there are customers eager to buy them. The lack of interest creates a wide spread, or gap, between the prices being asked for securities and the prices being bid. As a result, trading is often sluggish.
Market phase with high capacity for the acceptance of risks characterized by low premiums; this is in contrast to hard market.
A market where not much is selling, the sales price is likely to be significantly lower than the asking (listing) price. So, the price is 'soft' -- you can push it down, like a squishy sponge.
A buyer's market in which supply exceeds demand, causing little trading activity and wide bid-ask spreads.
A condition where insurance premiums are lowered and the availability of insurance is high. Opposite of a hard insurance market.
More potential sellers than buyers, which creates an environment where rapid price falls are likely.
That part of the insurance sales cycle in which competition is at a maximum as insurance companies use their excess capacity to sell more policies at lower prices. See also Hard market.
Also known as "buyers' market", when vendors far outnumber buyers and prices fall.
A market where houses aren't selling much or quickly, so the sales price is likely to be significantly lower than the asking (listing) price. It's a good time for buyers to buy, but not the best time for prospective sellers to sell.
That part of the insurance sales cycle in which competition is at a maximum as insurance companies use their excess capacity to sell more policies at lower prices. Statutory Accounting Principles (SAP) Those principles required by the NAIC and by state law, which must be followed by insurance companies in submitting their financial statements to the NAIC and state insurance departments. Such principles differ from generally accepted accounting principles (GAAP) in some important respects, e.g., SAP requires that expense must be recorded immediately and cannot be deferred to track with premiums as they are earned and take into revenue.
A market situation in which there are few buyers and thus those that do exist are apt to find a great deal of supply given the limited demand.
Market in which demand has shrunken or supply has grown too quickly, making sales at profitable amounts for seller more difficult. It is better for purchasers.
A market characterized by excess supply, thus causing a decrease in prices. Also called a buyer's market. See: Weak Market
An environment where insurance is plentiful and sold at a lower cost, also known as a buyers' market. (See Property/casualty insurance cycle)
