insurance
A financial arrangement to reduce risk. The purchaser of insurance pays a fixed amount, in return for which the seller agrees to pay some larger amount if an unlikely adverse event occurs. Source: Deardorffs' Glossary of International economics.
Browse by Subjects
assess
all in price
medical insurance
front end loaded
insurable interest
See All Related Terms »

trend trading
monopolistic competition
Securities and Futures Authority
registered representative
short the basis