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Insurance

Term

It can be for a specific period of time or for a lifetime Insurance coverage is typically provided for a defined period known as a term. This period could be for a set number of years or even for an individual's entire lifetime. It's important to understand the terms of your insurance coverage, as they determine the length of time you will be protected. This knowledge can help you make informed decisions when selecting an insurance policy.

Social sector

In the world of finance, there exists a spectrum of groups that are often overlooked or misunderstood. These include the unorganised sector, informal sector, economically vul...

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Constructive total loss

A common term used in the world of finance is "economic loss." This refers to a situation where property has not been completely destroyed, but the cost of restoring it exce...

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Estoppel

One of the fundamental principles in the realm of finance is the doctrine of estoppel. Under this legal principle, an individual may be obligated to either take action or re...

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Political risk insurance

. Businesses operating in foreign countries face the risk of political upheaval, including war, revolution, or confiscation of property. This risk can have a significant imp...

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