Period Of Indemnity.

A period of indemnity is the time period during which an insured party is protected from financial losses by an insurance policy. The period of indemnity may be specified in the policy contract, or it may be left to the discretion of the insurer. In either case, the period of indemnity typically begins when the … Read more


Hysteresis is a phenomenon in which the current state of a system is dependent on its past history. In economics, hysteresis refers to the persistence of high unemployment even after economic conditions have improved. The theory of hysteresis suggests that once an economy enters a period of high unemployment, it is more likely to stay … Read more