Indirect quote and Insurance: Difference between pages

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imported>Doug Williamson
(Generalise, from the USD only case.)
 
imported>Doug Williamson
(Add link.)
 
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A foreign exchange rate quotation where the foreign currency amount is divided by the quoted rate, in order to calculate the domestic currency equivalent.  
A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs.
Insurance is generally provided by specialist insurance companies, to whom an insurance premium is paid by the insured in advance.
 


== See also ==
== See also ==
* [[Base currency]]
* [[Captive insurance company]]
* [[Direct quote]]
* [[Chartered Insurance Institute]]
* [[USD]]
* [[Fixing instrument]]
* [[IAIS]]
* [[ILS]]
* [[Insurable]]
* [[Insurance risk]]
* [[Insure]]
* [[Option]]
* [[Premium]]
* [[Risk]]
* [[Risk response]]
* [[Trade credit insurance]]
* [[Transfer]]
* [[Underwriting]]

Revision as of 14:36, 6 September 2016

A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs.

Insurance is generally provided by specialist insurance companies, to whom an insurance premium is paid by the insured in advance.


See also