Bailee’s Customer Insurance.

Bailee’s customer insurance is a type of insurance that provides protection for a business that is responsible for the care of another person’s property. This can include businesses such as storage facilities, car dealerships, and jewelers. The insurance can cover damages that occur to the property while it is in the care of the business, … Read more

Money Factor Definition.

The money factor definition is the rate used to calculate the monthly finance charge on a loan. This rate is expressed as a decimal, and is typically between 0.001 and 0.1. To calculate the monthly finance charge, the money factor is multiplied by the average daily balance of the loan. Why is 2400 used in … Read more