Tooltip Categories: Economics & Finance

instalment (loan)

A monetary part-payment as part of a staged payment plan. (source: http://en.wikipedia.org/wiki/Instalment)

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instalment purchase

To purchase something now and pay for it later,normally plus interest. (source: http://idioms.thefreedictionary.com/buy+on+credit)

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insurance

The equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management

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insurance actuary

A specialist in the mathematics of risk, especially as it relates to insurance calculations such as premiums, reserves, dividends, and insurance and annuity rates. They

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insurance broker

Independent agent who represents the buyer, rather than the insurance company, and tries to find the buyer the best policy by comparison shopping. (source: investorwords.com

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insolvency law

Insolvency Law helps protect consumers and businesses when they find themselves in a situation where they are unable to pay their debts when due. (source:

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inheritance

Property received from an ancestor either through a will or (if no will exists) from the operation of intestacy or succession laws. (source: http://www.businessdictionary.com/definition/inheritance.html#ixzz2M8dzClPd)

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inheritance tax

A levy paid by a person who inherits money or property or a tax on the estate (total value of the money and property) of

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Initial Coin Offering

An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the

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