Insurance is an operation by which a person( The insurer) undertakes to give a service, under an insurance contract, for the benefit of another existent( the insured) upon the circumstance of a threat and subject to the payment of a donation or a decoration. The threat constitutes the object of the insurance. An insured takes out insurance to cover himself against dangerous events( illness, fire, theft, death,etc.) or against the pitfalls associated with certain objects he owns( auto, home,etc.).
In the event of the circumstance of a threat, the insurer undertakes to pay a benefit in the form of plutocrat either to the ensured, or to a third party, or to the devisee within the frame of life insurance. In return for this service, the insured pays a decoration or a donation to the insurer. This quantum corresponds to the cost of threat and the operating costs of the insurer.
Insurance must be taken out with a company that's authorized to carry out this exertion. It can be an insurance company or indeed a bank. The subscription is made by subscribing an insurance contract.
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Gas is one of the four fundamental states of matter (the others being solid, liquid, and plasma). A pure gas may be made up of individual atoms (e.g. a noble gas like neon), elemental molecules made from one type of atom (e.g. oxygen), or compound molecules made from a variety of atoms (e.g. carbon dioxide). A gas mixture would contain a variety of pure gases much like the air. What distinguishes a gas from liquids and solids is the vast separation of the individual gas particles. This separation usually makes a colorless gas invisible to the human observer. The interaction of gas particles in the presence of electric and gravitational fields are considered negligible as indicated by the constant velocity vectors in the image.
Electricity is the set of physical phenomena associated with the presence and motion of electric charge. Although initially considered a phenomenon separate from magnetism, since the development of Maxwell's equations, both are recognized as part of a single phenomenon: electromagnetism. Various common phenomena are related to electricity, including lightning, static electricity, electric heating, electric discharges and many others.
In finance, a loan is the lending of money by one or more individuals, organizations, and/or other entities to other individuals, organizations etc. The recipient (i.e. the borrower) incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.