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
financial services
fire insurance
Banking Act Of 1933
front end
insurable interest
See All Related Terms »

council tax
home banking
Monetizing Debt
net book value
partnership