What Is a Bordereau?

A bordereau is a report submitted by an insurance broker to an insurance company, providing details of the insurance policies that have been arranged for a client. The report includes information on the nature of the risk covered, the premium charged and the period of cover. What is facultative reinsurance? Facultative reinsurance is a type … Read more

Fibonacci Time Zones Definition.

Fibonacci Time Zones are a tool used in Technical Analysis to identify potential support and resistance levels. The Fibonacci Time Zones are based on the Fibonacci sequence, and the theory is that price movements tend to repeat themselves after a certain amount of time. The Fibonacci Time Zones can be used on any time frame, … Read more

Trough Definition.

A trough is the lowest point in the performance of an economic cycle, before it reverses and heads back up. The trough marks the end of a recession and the beginning of an expansion. In the U.S., the National Bureau of Economic Research (NBER) is responsible for calling the start and end dates of recessions. … Read more