TRAVEL INSURANCE
Insurance product intended to shoulder the expenses and minimize the risk relative to sudden events during local or international travel. Normally, the insurance covers the insured in expenditures associated with trip cancellations, medical costs, and other related expenses. Many online companies who sell airplane tickets or travel packages allow consumers to obtain travel insurance as an add-on service. In some cases, the insurance may also cover damage to rented equipment including rental cars or paying a ransom in the event of kidnapping.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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SEE FOREX TUTORIAL
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Featured Investment: The American Depository Receipt
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Digesting Financial Statements: Cash Flow
Companies generate money from borrowers and/or borrow money from creditors. Next, firms purchase assets and/or finance projects and programs. Then, ...
Ethical Investing: Environmentally-Conscious Investing
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An Introduction to Insurance
Most people in the world own insurance. Insurance take a lot of forms such as medical insurance, automobile insurance, and the most common of them ...
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