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Insurance

Renewal Premiums

In the realm of finance, we often come across the term 'premiums'. These are payments that are made towards an insurance policy, and they can be of different types. One type is known as 'continuous premiums'. These are payments that are made after the initial premium and are necessary for the policy to remain active. In other words, they are a condition for the continuation of the policy. Let's dive into this concept further.

Fiduciary bond

A surety bond, also known as a probate bond, is a form of security that is mandatory for fiduciaries, including executors and trustees. This bond serves as a guarantee for t...

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Proximate cause

Loss causation is a fundamental concept in finance, referring to the direct cause of a financial loss. It occurs when there is a clear and unbroken chain of events linking a...

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Floor-of-protection concept

Social insurance is based on the principle that it should only provide limited protection, rather than meeting all of one's needs. This means that individuals are expected t...

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Financial risks

Understanding the concept of risk is crucial in the world of finance. It encompasses various factors such as credit, foreign exchange, commodity trading, and interest rates....

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