Medi Assist Healthcare IPO

Home Insurance

Finance Wiki

Trending Categories

All Financial Terms Financial Instruments Market Entities Corporate Actions Public Offerings Fixed Income Instruments Currency Commodity Mutual Funds Derivatives Trading Terms Taxes

More

Derivatives Trading Terms Taxes Property Fixed Income Credit Cards Options and Futures Stocks Insurance IPO Technicals Retirement Planning Loans Gold Bank Deposits

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

#

Insurance

Contingent liability

The concept of vicarious liability refers to the legal responsibility of individuals, corporations, or partnerships for accidents caused by individuals who are not their employees. This means that the corporations or partnerships can be held accountable for the actions or omissions of individuals who are under their control. It is important for businesses to understand this concept as it can have significant financial implications. Let's dive deeper into the details of vicarious liability and its impact on the world of finance.

Contract of adhesion

In finance, there exists a type of contract known as an insurance contract. This specific agreement holds a crucial factor that we must pay attention to - the wording. Any v...

More

Credit derivatives

A vital aspect of financial management is the use of credit risk transfer contracts. These agreements allow institutions, like banks, to effectively mitigate their credit ri...

More

Beneficiary

A beneficiary, in the realm of finance, refers to an individual who is entitled to receive benefits from a policy in the event of the policyholder's death or upon the policy...

More

First Unpaid Premium(FUP)

In the realm of insurance, the term 'first unpaid premium' signifies the initial instance of a policy holder failing to make their premium payment. When a premium is paid ...

More