What Is Indemnity Insurance?

How It Works and Examples. Indemnity insurance is a type of insurance that provides protection against financial losses arising from third-party claims. It can be used to protect businesses from claims arising from their products or services, or to protect individuals from claims arising from their actions. Indemnity insurance can be purchased as standalone insurance … Read more

What Is Cash Collateral?

Cash collateral refers to the use of cash or cash equivalents to secure a loan or other credit facility. The cash is typically used to fund operations or other short-term needs, and the collateral may be in the form of investments, receivables, or other assets. What are the 4 types of collateral? There are four … Read more

What is know how?

The concept of knoe how comes from English and means "know how". Therefore, the definition of know how is the set of skills and knowledge that allow a company to or a person developing an activity or a project with experience. The characteristics of know-how are determined by the abilities that an entity has to … Read more