Question
Which is an unsecured, short-term debt
instrument issued by a company for meeting short-term liabilities?Solution
Debentures: A long-term security bearing a fixed rate of interest and normally secured against assets. Bonds: It is an instrument of indebtedness of the bond issuer to the holders. Commercial Bills: A bill of exchange to raise money for short-term needs. Commercial Papers: An unsecured, short-term debt instrument issued for financing of accounts receivable, inventories and meeting short-term liabilities. Certificates of deposits (CD): A savings certificate entitling the bearer to receive interest.
 A motor policy is usually valid for a period of ____ year and has to be renewed before the due date.
What is the purpose of a "loss adjuster"?
An individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract is known...
A section of the risk-based capital formula calculating requirements for reserves and premiums is termed as?
What is the main role of an insurance underwriter?
Which of these changes would typically require an endorsement?
What is the difference between "reinsurance" and "co-insurance"?
What is the grace period in case of monthly premium payment mode in insurance?
Which country is the first in the world to introduce the concept of Insurance Repository services?
A type of insurance often used for high frequency low severity risks where risk is not transferred to an insurance company but retained and accounted f...
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