How does insurance work in simple terms?
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
An entity that provides insurance is known as an insurer, an insurance company, an insurance carrier, or an underwriter. A person or entity who buys...
How does insurance work in simple terms?
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
An entity that provides insurance is known as an insurer, an insurance company, an insurance carrier, or an underwriter. A person or entity who buys...
What is Loan?
A loan is a type of debt. The borrower needs to repay the lender the sum of money loaned part by part over time in order to clear the debt.
Acting as a provider of loans is one of the main tasks for financial institutions. For other institutions, issuing debt contracts such as bonds is a primary source...
Difference between Lawyer vs Attorney
A lawyer (also called an "advocate", "attorney", "barrister", "counsel", "counsellor", or "solicitor") is someone who practices law. A lawyer has earned a degree in law and has a license to practice law in a particular area.
If people have any problem regarding the law, they can contact a lawyer for advice. A legal problem is referred...
What is the difference between Attorney and Attorney-at-law?
Attorney-at-law or attorney-at-law, usually abbreviated in everyday speech as an attorney, is the preferred term for a practicing lawyer in certain jurisdictions, including South Africa (for certain lawyers), Sri Lanka, the Philippines, and the United States. In Canada, it is used only in Quebec as the English term for avocat. The term has its...
Why credit is so important?
Credit (from the Latin verb credit, meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt) but promises either to repay or return those resources (or other materials of equal value) at a...