Medi Assist Healthcare IPO

Explore
Open Demat Account Login
Finance Wiki
Trending Categories
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
#

Insurance

Total loss

When an automobile or other property suffers damage to such an extent that the cost of repairing it exceeds its value, we refer to this as a total loss. This can occur due to various reasons, such as accidents, natural disasters, or wear and tear. Essentially, it means that the cost of repairing the damage would be more than what the property is worth. In such cases, the owner may choose to sell the property as salvage or scrap. This concept is crucial to understand in the world of finance, as it has a significant impact on insurance claims and asset valuation.
Explore other categories
All terms & concepts related to financial contracts whose value is based on an underlying asset,
Learn More
All terminology and concepts related to various tax types, tax laws, and taxation principles.
Learn More
All terms and concepts related to the placement of money in a bank account, including savings accoun
Learn More
All terms and concepts related to technical analysis in finance, which involves using historical pri
Learn More
All terms and concepts related to mutual funds, which are investment vehicles that pool funds from m
Learn More
Investments that provide regular, fixed payments, such as bonds and treasury bills.
Learn More
All terms related to the basic goods used in commerce that are interchangeable with other goods of t
Learn More
All terms and concepts related to the process of saving and investing to ensure financial security a
Learn More
All terms related to various types of organizations or individuals, like investors, banks, insurers,
Learn More
A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used
Learn More
Enjoy Zero Brokerage On Stock Investments
Send App Link