Unit Banking System: Advantages and Disadvantages
What is Unit Banking System? Under a unit banking system, an individual bank operates through a single office. The size…
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22 June 2023
Functions of Commercial Banks: Trends, Features
What is Commercial Bank? The term “commercial bank” can be defined as a financial institution that accepts deposits, offers checking…
22 June 2023
Bank: Origin, Definition, Features, Principles, Types
What is a Bank? A bank is a financial institution that accepts deposits from the public and leads those who…
22 June 2023
Insurance Contract: Essentials, Warranties, Documents
What is Insurance Contract? The contracts of insurance are governed by the same general principles of law as are applicable…
21 June 2023
Life Insurance: Definitions, Advantages, Features
What is Life Insurance? Life insurance may be defined as a contract in which the insurer in consideration of a…
21 June 2023
Reinsurance: Meaning, Types
What is Reinsurance? Reinsurance is the insurance in whole or in part of the risk of liability that an insurer…
21 June 2023
17 Kinds of Insurance | You Should Know
What is the Meaning of Insurance? Insurance is a contract between two parties where one party called ‘the insurer’ undertakes…
21 June 2023
16 Main Importance of Insurance | Everything You Should Know
The process of insurance has evolved to protect the interest of the people from uncertainty. The principles of insurance are…
20 June 2023
Differences Between Insurance and Wagering Contracts
What is Insurance Contract? In insurance, the assured should have an interest in the subject matter of insurance whereas a…
20 June 2023
7 Main Functions of Insurance
Meaning of Insurance The term “insurance” can be defined in both financial and legal terms. The financial definition focuses on…
20 June 2023
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