What is Negotiable Instruments Act 1881? According to Section 13 (a) of the Act, “Negotiable instrument means a promissory note,…
What is Promissory Note? Section 4 of the Act defines, “A promissory note is an instrument in writing (note being…
What is a Bank? A bank is an institution that accepts deposits of money from the public which is withdrawable…
Types of Insurance We can categorize types of insurance into three bases of types of insurance: 1. On the Basis…
Characteristics of Insurance Insurance is a complex financial product with numerous characteristics that define its nature and operation. Here are…
What is Insurance? Insurance is a contract whereby one person, called the insurer, undertakes in return for the agreed consideration…