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Name

A Lloyd's member is an individual who invests in and underwrites risks through a Lloyd's association. In simpler terms, they are both an investor and an underwriter. This means that they contribute capital towards insuring potential risks and also have the authority to accept or decline insurance policies. In the world of finance, a Lloyd's member plays a crucial role in the insurance industry, utilizing their knowledge and expertise to make informed decisions.

After Tax Rupees

Discretionary income, as defined by the Income Tax Act, is the remaining income a policy holder has after taxes have been paid for a specific financial year. It is the amoun...

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Cancelable

A health policy with the possibility of being terminated by the insurer at their discretion, without any specific reason required....

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Mortgage-backed securities

In the world of finance, there exists a category of securities known as investment grade securities. These securities are backed by a pool of mortgages, which means that the...

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Voluntary act

Negligence is a vital concept to understand in the field of finance. It refers to the failure to exercise reasonable care or caution when performing an action. One essential...

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