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Insurance
Insurance is a promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss. Some forms of insurance are required by law, while others are optional. Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer. In exchange for payments from the insured (called premiums), the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event. In most cases, the policy holder pays part of the loss (called the deductible), and the insurer pays the rest. Examples include car insurance, health insurance, disability insurance, life insurance, and business insurance.
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employee empowerment
Business services; Human resources
A term used to express the manners in which non-managerial staff can make essential decisions without consulting a boss/manager.
unfavorable balance of trade
Financial services; General Finance
The value of a nation's imports in excess of the value of its exports.
fossil fuel
Energy; Nuclear energy
Carbon based fuel resulting from millions of years of biological decay. Coal, oil, and natural gas are the most common examples.
ratchet
Sports; Bicycle & electric bicycle
to pedal back and forth in partial strokes. This allows a rider to pass obstacles that would cause a pedal to hit if it were to reach the bottom of a normal stroke.
Chakla and Belan
Kitchen & dining; Cooking tools
Chakla is a small marble or wooden platform and belan is the rolling pin usually made of wood. They are used for rolling doughs.
tax schedules
Financial services; General Finance
Tax forms used to report itemized deductions, dividend and interest income, profit or loss from a business, capital gains and losses, supplemental income and loss, and ...
