What Is a Written Premium in the Insurance Industry?
In the insurance industry, a written premium is the amount of insurance premiums that an insurance company has collected or is expected to collect from its policyholders. The written premium…
Corporate Governance Definition: How It Works, Principles, and Examples
Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. Corporate governance is concerned with the ways in which a company’s management,…
How Escrow Protects Parties in Financial Transactions
Escrow is a financial arrangement in which a third party, known as an escrow agent, holds and manages the funds or assets involved in a financial transaction on behalf of…
Fiscal Quarters (Q1, Q2, Q3, Q4) Explained
Fiscal quarters refer to the three-month periods that make up a company’s financial year. The fiscal year is divided into four quarters: Q1 (first quarter), Q2 (second quarter), Q3 (third…
Chair: Definition in Business, Responsibilties, Vs. CEO
The chair is a leadership role in a business or organization that is responsible for overseeing the operations and strategic direction of the company. The chair is often the highest-ranking…
Syndicate: Definition, How It Works, and Types of Syndicates
A syndicate is a group of individuals or organizations that come together to pool their resources, skills, and expertise in order to achieve a common goal or to invest in…
Business-to-Business (B2B): What It Is and How It’s Used
Business-to-business (B2B) refers to the sale of products or services from one business to another. B2B transactions are common in industries such as wholesale, manufacturing, and business services, and often…
What Does Finance Mean? Its History, Types, and Importance Explained
Finance is the study of the management of money and the creation, growth, and distribution of wealth. It encompasses a wide range of activities and disciplines, including financial planning, investment…
What Is Retirement Planning? Steps, Stages, and What to Consider
Retirement planning is the process of creating a roadmap for your financial future after you stop working. It involves evaluating your current financial situation, setting goals, and making a plan…
5 Best Investments for Military Families
Military families face unique financial challenges, including the possibility of frequent moves and deployments. It’s important for military families to have a solid financial plan in place to ensure their…