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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.

Insurable interest

Insurance is a vital concept in the world of finance, with legal principles that govern its application. One such principle is the requirement for an insured individual to d...

Accidental Death and Dismemberment (AD&D) benefits are an important aspect of financial planning. They provide coverage in the event of an accidental death or severe injury...

Your current age plays a significant role in the world of finance, particularly when it comes to life insurance. This is known as your attained age and it is a key factor in...

Outstanding balance on loans

A crucial financial concept to understand is the loan balance, which refers to the remaining amount that a policyholder owes on a loan. This balance includes both the princi...

The expiration date signifies the conclusion of the deferment period. This is a crucial term in the world of finance, as it determines the end date for a grace period in whi...

As a professor of finance, it is crucial for you to understand the concept of insurable value. This refers to the amount of loss that can be covered by insurance for a prope...

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Gold

All terms and concepts related to the precious metal gold, including its price, trading, investment,

Retirement Planning

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

Currency

All terms related to the system of money in general use in a particular country, representing a medi

Bank Deposits

All terms and concepts related to the placement of money in a bank account, including savings accoun

Market Entities

All terms related to various types of organizations or individuals, like investors, banks, insurers,

Property

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

Options and Futures

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

Financial Terms

A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used

Mutual Funds

All terms and concepts related to mutual funds, which are investment vehicles that pool funds from m

Loans

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

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