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Insurance

Third-party administrator

An employer often appoints an administrator to oversee various tasks related to employee benefits such as managing claims. Alternatively, an external group may be hired by an insurance company to carry out administrative duties.

In the world of finance, there exists a concept known as "pro rata", which refers to the division of a loss among multiple insurers who have covered the same loss. This is a...

Extended Term Insurance

Term insurance is a type of policy that offers an option to continue the insurance for a specific amount even after the policy has ended. This option is known as term insura...

Commercial lines

Businesses often purchase specific products to protect their operations. These products include boiler and machinery coverage, which protects against damage to equipment, an...

Term Insurance Rider

A life insurance policy can come with an endorsement or attachment that offers extra term coverage for a designated amount. In the unfortunate event of the insured's death du...

Gossip, slander, and libel are all examples of spoken words that can harm someone's reputation. These types of statements can lead to legal consequences and damage an indivi...

Consequential damage endorsement

Businesses often purchase insurance coverage to protect against potential losses. This coverage may include protection for losses that occur due to the failure of an insured...

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Taxes

All terminology and concepts related to various tax types, tax laws, and taxation principles.

Financial Instruments

Legal contracts that represent financial value, such as stocks, bonds, options, futures, and various

Public Offerings

All terms related to a company selling its shares or bonds to the public for the first time (IPOs) o

IPO

All terms and concepts related to the process in which a private company offers its shares to the pu

Options and Futures

All terminologies and concepts related to financial derivatives, including options and futures contr

Commodity

All terms related to the basic goods used in commerce that are interchangeable with other goods of t

Derivatives

All terms & concepts related to financial contracts whose value is based on an underlying asset,

Retirement Planning

All terms and concepts related to the process of saving and investing to ensure financial security a

Loans

All terms and concepts related to borrowing money, including different types of loans, interest rate

Property

The "Property" category in finance encompasses all aspects related to real estate and tangible asset

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