Catastrophe Bond (CAT) Definition.

A catastrophe bond, also known as a CAT bond, is a type of bond that pays out in the event of a natural disaster. The bonds are typically issued by insurance companies and are used to transfer the risk of a natural disaster from the issuer to the investors. If a natural disaster occurs, the … Read more

Learn What a Tax Holiday Is.

A tax holiday is a period of time during which certain taxes are either not levied or are levied at a reduced rate. Tax holidays may be granted by a government in order to encourage economic activity, or they may be granted in order to commemorate a particular event. What are the five 5 types … Read more

What is Corporatism and what are its characteristics?

Corporatism is an economic-political system in which decision-making power rests in the hands of organizations and not of individuals. Therefore, these are in charge of negotiating and signing agreements that will be the future rules that govern the society in question. Normally, corporatism is usually divided into classes, and is made up of communication or … Read more