Commerce

A correspondence is a document coming into or going out of an office. Correspondence can also be defined as mails or letters sent and received,

A cover note is a temporary document issued by an insurance company that provides evidence or proof of insurance coverage until a final insurance policy

The alternative forgone on the scale of preferences is known as Opportunity Cost. The opportunity cost shows the alternate opportunities missed by the individual in

The insured is the party (ies) (person or firm) having property covered against risk. They are covered by an insurance policy.

An insurer is usually a company but can be a person, that provides financial support in the case of specific bad events listed in an

A remittance is a sum of money sent to another party, usually in another country.

A utility bill is a monthly statement of the amount a household owes for any one (or more) of the basic services that generally keep

The principle of utmost good faith, also known as “uberrimae fidei” or “uberrima fides”, states that the insurer and insured both must be transparent and