What is drawing power in working capital?
Drawing power is the limit up to which a firm or company can withdraw from the working capital limit sanctioned. Updating drawing power for working capita...
What bonds are sold at face value?
When a bond is issued at par value it is sold for the face value amount. This generally means that the bond’s market and contract rates are equal to each ...
Do I have to provide receipts for an insurance claim?
Most insurance companies will require you to show proof of loss when you are filing a personal property claim. This will usually suffice as proof of loss ...
Can you insure a stolen bike?
Inform your insurer Preferably within 24 hours. If you don’t have specific bicycle insurance and your bike was taken from your home, if you’re lucky it ma...
How do I become a life insurance agent in Kentucky?
How to Get a Kentucky Insurance License Complete a Prelicensing Course. If you would like to sell insurance in Kentucky, you must complete an approved lin...
How do you calculate return premium?
A return premium factor is calculated by taking the number of days remaining in the policy period divided by the number of total days of the policy. This ...
What does it mean to trade your stock?
Stock trading refers to the buying and selling of shares in a particular company; if you own the stock, you own a piece of the company. How do you get sto...
What kind of stock does a company issue?
Companies have the option of issuing stock in several classes of stock and then grouping them into one of the two types. The basic type of stock a company...
Do I have to declare points after 3 years?
While your points may expire from your licence after four years, you may still be asked and be required to declare them for up to five years. especially i...
What are the functions of insurance regulatory authority?
The mission statement of the IRDA is: To protect the interest and fair treatment of the policyholder. To regulate the insurance industry in fairness and e...
