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Planned retention

Risk-taking is a calculated decision to accept a known level of uncertainty. It is a conscious and deliberate action that acknowledges the potential for loss or failure. In the world of finance, risk-taking is a crucial aspect as it allows individuals and businesses to make informed choices in pursuit of their goals. By understanding the implications of risk, one can leverage it to their advantage and achieve success in the ever-changing financial landscape. Let us explore the concept of risk-taking and its significance in the realm of finance.

Inland transit policy

A fundamental agreement that pertains to domestic shipments, predominantly transported through land-based transportation methods. This type of contract outlines the terms an...

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Aleatory contract

An aleatory contract is a binding agreement in which the outcome is determined by an uncertain event. This type of contract is commonly used in the insurance industry, where...

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Joint and several liability

In the realm of law and finance, there exists a principle known as joint and several liability. This doctrine grants the plaintiff the ability to seek full compensation from...

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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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