Loan Shark Definition.

A loan shark is a person who offers loans at extremely high interest rates, often without proper documentation or collateral. Loan sharks typically operate outside of the formal banking system and often target vulnerable individuals who may not be able to obtain a loan from a traditional lender. Loan sharks may use violent or threatening … Read more

Actuarial Risk.

Actuarial risk is the inherent risk in an insurance company’s business arising from uncertainty in the frequency and severity of insurance claims. The purpose of actuarial science is to quantify this risk in order to manage and Pricing insurance policies in order to minimize the impact of adverse events on the company’s financial results. There … Read more