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Agency

Agency is a relationship based on an agreement authorizing one person, the agent, to act for another, the principal.  For example an agent may negotiate and make contracts with third persons on behalf of … Continue reading “Agency”

Insurance

Individuals and busi­nesses establish plans to protect their personal and financial interests against events that threaten to under­mine their security.  This concept is risk manage­ment.  The most common method of … Continue reading “Insurance”