BANCASSURANCE
A arrangement wherein an insurance company and a bank forms a partnership so that the insurance company will be able to sell its products to the client base of the bank. This partnership arrangement may be profitable for both sides. Banks may gain extra revenue by selling the products of the insurance company. Meanwhile, insurance companies can increase their customer base even without expanding their sales force or pay commissions to insurance brokers or agents.
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Concentration Ratio
Ratio indicating the relative size of companies in respect to their industry in general. Low concentration ratio denotes higher competition among t ...
Back-To-Back Letters Of Credit
Two letters of credit (LCs) utilized together to aid a merchant in financing the buying of services or equipment from a subcontractor. With the aut ...
Stock Market Crash of 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market pl ...
Z-Score
“Z-Score” is a statistical measurement showing the relationship of the score to the mean. It can be positive or negative, which means t ...
Premium
The total cost of an option.
The difference between the higher price paid for a fixed-income secur ...
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“The early bird catches the worm.” – William Camden
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