INDEMNITY
Undertaking given to compensate for damages or loss. Legally speaking, it may also pertains to an exemption from contingent liability. Its concept is based on a contractual agreement between two parties where one party agrees to settle the possible losses or damages caused by the other party. Insurance contract is an example of indemnity, whereas the insurer agrees to compensate the insured for any losses or damages, in exchange for premiums paid by the insured to the insurer.
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Capital Accumulation
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Defined-Contribution Plan
A retirement plan where the percentage of money is set aside each year by the company for the benefit of their employees. There are restrictions as ...
Unscheduled Recast
Unscheduled Recast is a recomputation of remaining loan amortization schedule that is not scheduled. Some loans have contractual terms that when tr ...
Recompense
The act of giving a target person or entity some form of monetary benefit as a result of performing some action or some action happening to the tar ...
Tortoise Rally
Slow and steady appreciation of market prices through time. This is more beneficial to long-term retail investors since they enjoy steady gains fro ...
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