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Insurance

Conditions

An insurance contract is considered active when certain conditions are met. Failure to comply with these conditions may result in the refusal to pay for any losses.

Contestable Clause

A key aspect of an insurance policy is the provision outlining the circumstances in which the insurer can challenge or invalidate the policy. This condition, known as a con...

Accounts receivable (debtors) insurance

In finance, the concept of indemnification refers to the compensation or protection provided to an individual or entity for any losses incurred due to unforeseen circumstanc...

Expected loss ratio

As we delve into the world of finance, one concept that holds a significant place is the Loss Ratio. This is the measure of losses incurred in relation to premiums earned, a...

Facultative reinsurance

Reinsurance is a crucial aspect of the insurance industry, ensuring that insurers are protected against large or unique risks. Facultative reinsurance is a specific type of ...

Mortality table

The mortality table is a valuable tool used in the world of finance to determine the likelihood of death at different ages. It presents the number of deaths per thousand ind...

The acquisition of property through force, the threat of force, or violence is known as theft. This illegal act involves taking possession of another person's property witho...

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Commodity

All terms related to the basic goods used in commerce that are interchangeable with other goods of t

Retirement Planning

All terms and concepts related to the process of saving and investing to ensure financial security a

Fixed Income

Investments that provide regular, fixed payments, such as bonds and treasury bills.

Derivatives

All terms & concepts related to financial contracts whose value is based on an underlying asset,

Financial Instruments

Legal contracts that represent financial value, such as stocks, bonds, options, futures, and various

Currency

All terms related to the system of money in general use in a particular country, representing a medi

Loans

All terms and concepts related to borrowing money, including different types of loans, interest rate

Bank Deposits

All terms and concepts related to the placement of money in a bank account, including savings accoun

Insurance

All terms and concepts related to insurance, which is a financial arrangement that provides protecti

Financial Terms

A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used

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