Insurance
Insurance is a contract by which an individual or business gets financial compensation by the insurer on the mishappenings such as fire, theft, and motor accident. An insurance premium is to be paid by the individual or the company to their respective insurance company.
Insurance broker
An insurance broker acts as a mediator among the persons or organizations who need insurance and companies rendering the same. The broker gets a commission from the respective insurance companies. The brokers in the insurance business also sometimes handle some queries.
Interbank market
In an interbank market, the banks borrow and lend among themselves either for meeting their short-term needs or for the purpose of lending. In such types of markets, the commercial banks can operate for the whole day.
Investment
It is simply meant as the net addition to the real stock of capital. That is why the term investment always involves in sacrificing the present levels of consumption. The term has its own meanings while using it in the fields of economics, business and finance. In the field of finance, it is meant as buying assets, which will create future incomes.
