Business

ATM Operation “Automated Teller Machine – ATM” is an electronic banking outlet, which allows customers to complete basic transactions without the aid of a branch…

Online Banking Online banking (OBL) is an electronic payment system that enables customers of a financial institution to conduct financial transactions on a website operated…

Deposit is the blood of a bank and bank is the blood of an economy – justification, Besides performing the usual commercial banking functions, banks…

A bank is one of the major Financial Intermediaries – A financial intermediary is a financial institution that connects surplus and deficit agents. The classic,…

Net Annual Premium The net annual premium is a type of term life insurance for which the premiums remain the same throughout the duration of…

Net Single Premium Net single premium is the present value of the expected cost of paying a death benefit. It is a premium that covers…

Unenforceable Contract Unenforceable contracts are those, which are very much valid contracts, but simply cannot be enforced in a court of law because of the…

Importance of Insurance for Socioeconomic Development Many business owners feel business insurance is an expense they cannot afford or is a luxury for more established…

Components of Insurance Premium An insurance premium is the amount of money that an individual or business must pay for an insurance policy. In an…

Abandonment in Insurance Abandonment is the act of surrendering a claim to, or interest in, a particular asset, or allowing an options contract to expire…