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Insurance

Secondary Beneficiary

A backup recipient designated to receive funds, typically in case the primary recipient passes away before the policyholder.

When considering insurance or life insurance, it is important to understand the concept of maximum coverage. This refers to the highest amount of insurance that can be purch...

An insurance term that refers to a loss that is a direct result of a series of connected events starting from an insured risk. In simpler terms, it means that the loss can b...

Occurrence policy

A type of insurance that covers expenses for occurrences that happen within a specific period, regardless of when the claims are made. This policy provides financial protect...

Concurrent causation

In the realm of insurance, there exists a legal principle known as "concurrent causation." Simply put, this doctrine states that in the event of a loss caused by two perils,...

Long-term care insurance

In the world of finance, we often come across the term 'coverage' which refers to a form of protection provided under certain circumstances. Specifically, in the case of ski...

Risk mapping (risk profiling)

Risk identification and assessment involves organizing all potential risks into a matrix that considers their frequency, severity, and current insurance coverage. This metho...

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Corporate Actions

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

Bank Deposits

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

Credit Cards

All terms and concepts related to the use, features, and management of payment cards allowing users

Taxes

All terminology and concepts related to various tax types, tax laws, and taxation principles.

Retirement Planning

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

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

IPO

All terms and concepts related to the process in which a private company offers its shares to the pu

Gold

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

Derivatives

All terms & concepts related to financial contracts whose value is based on an underlying asset,

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