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Insurance

Non-owned auto

A private passenger vehicle, such as an auto, pickup truck, van, or trailer, that is not owned or regularly used by the insured or any of their family members is not covered under this policy. This also applies to any vehicle that is in the custody or being operated by the insured or their family members.

Insurance policies often include specific risks that are covered, known as perils. These can range from natural disasters such as floods and earthquakes, to man-made events ...

Insurance proceeds

A significant amount of money that is given to either the policyholder or their chosen recipient upon the policyholder's death within the specified term of the plan or when ...

One of the key terms in finance is 'variance', which refers to the difference between the actual and expected outcomes. This concept is crucial as it helps us understand the...

Risk management process

In order to effectively manage risks in finance, there are four key steps that must be taken. First, it is important to identify all potential risks. Next, these risks must ...

Risk management policy

A financial strategy is a carefully designed plan that outlines the steps and guidelines to ensure consistent and effective actions over a certain period of time. It is cruc...

General average clause

In the world of finance, we often come across terms that may seem confusing or unfamiliar. One such term is the "general average clause" in ocean marine insurance. This clau...

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Insurance

All terms and concepts related to insurance, which is a financial arrangement that provides protecti

Trading Terms

Trading Terms encompass terminology and phrases commonly used in financial markets, including terms

Loans

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

Bank Deposits

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

Commodity

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

Fixed Income

Investments that provide regular, fixed payments, such as bonds and treasury bills.

Financial Terms

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

Public Offerings

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

Market Entities

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

Corporate Actions

Terms related to decisions and events initiated by a company that can impact its stock, such as divi

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