Question
The term float is used
in:Solution
The term "float" is most commonly used in cash management. Float refers to the time period between when a payment is initiated and when the funds are actually made available to the recipient. During this time period, the funds are said to be "in transit" and not available for use by either the payer or the payee.
The 'Insured's Declaration' form typically includes information about:
Which feature is not allowed in the Indian insurance market?
Which principle specifies an insured should not collect more than the actual cash value of a loss?
What is NOT an element of an insurance contract?
The part of the policy that is specific to each insured individual is:
What is the abbreviation of GAAR?
Name the first General Insurance Company in India?
Which of the following committees recommended the introduction of the Rural Postal Life Insurance?
Which of the following situation occurs when one party in a negotiation has relevant information the other party lacks.
A 'Cover Note' in motor insurance is:
