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Insurance

Unfunded retention

One concept in finance that is important to understand is the idea of absorbing losses. This means that instead of planning ahead to cover any potential losses, they are dealt with as they happen. By doing so, businesses and individuals can avoid the added expense of preparing for potential losses. This approach can also help with better financial management and decision making.

Mortality Rate

Mortality rate refers to the number of deaths within a specific group of individuals, typically measured as the number of deaths per one thousand people. This rate is an imp...

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Abstract

Throughout history, land has been a symbol of wealth and power. The concept of title to land dates back to the ancient world, where rulers granted land to their loyal subje...

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Vicarious liability

As a finance professional, it is important to understand the concept of vicarious liability. This refers to the legal responsibility one may have for the actions or wrongdoi...

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Electronic commerce / e-commerce

The concept of e-commerce has revolutionized the way businesses operate, including the sale of financial products. One such example is the sale of insurance through online p...

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