KNOW MORE ABOUT SHORT-TERM INSURANCE What is short-term insurance? Short-term insurance is temporary protection that is purchased to provide cov-erage for a short period. Normally, short-term insurance is provided on an annual basis. Insurance is a transfer of risk from the policyholder to the insurer, who agrees to indemnify the policyholder for a particular loss. Read more about SHORT-TERM INSURANCE[…]
1. What is a Credit Transaction? A credit transaction is a transaction whereby the credit grantor (service pro-vider) sells or supplies to a credit receiver (consumer) movable property or services against payment by the credit receiver to the credit grantor of a sum of money. The sum of money is repayable by mutual agreement between Read more about REDIT AGREEMENTS WHAT YOU NEED TO KNOW ABOUT CREDIT TRANSACTIONS[…]
What is a policy cession? A policy cession is the transfer of one party’s (the ‘cedent’) personal right to a claim to another (the ‘cessionary’). Any rights which the cedent had on that policy will now be transferred to the cessionary. In the case of a claim, the insurer will now pay benefits to the Read more about POLICY CESSIONS[…]
What is a Stock Exchange? A stock exchange is an organised market for the buying and selling (also re-ferred to as trading) of securities listed on the exchange. As the name sug-gests, it was mainly intended for the trading of ordinary and preference shares of companies. Today, exchanges offer more than the trading of ordinary Read more about THE STOCK EXCHANGE HOW IT ALL WORKS[…]