• Socialist law system

    • Socialist law system has a long history in Russia and China under the Marxist Lenin Theory and there are many new laws that developed from these  two countries. They have worked for the development of socialist law system... 

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  • Retrospective rate insurance

    • Retrospective rate insurance is about commercial account which will be applied for the purpose of calculation of business insurance. In this method premiums are calculated with a formula basing on which commercial loss is... 

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  • Refund anticipation loan

    • The short term loan which is being secured by the expected tax refund of the taxpayer is known as the refund anticipation loan or RAL. Refund anticipation loan is available in the loan market so that customers can have an... 

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  • Procyclical

    • In the subject matter of economics, procyclical helps in detailing out that relationship in which economic quantity is related to the fluctuations in economy. The concept of procyclical is contradictory to the concept of... 

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  • Predatory lending / loan shark

    • Predatory lending/loan shark is a term that is being used in a derogatory way. Predatory lending/loan shark is being used to explain such malpractices of lenders that are being known as deceitful, misleading or even unjust... 

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  • Poverty Level income

    • The poverty level income which is also known as the poverty line or the poverty threshold is the level of income which is of minimum nature. The poverty level income is considered to be quite significant so that a person... 

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  • Positive Economics

    • Positive economics is that branch of economics which is mostly concerned with the explanation as well as an elucidation of the various phenomena of economics. The main focus of positive economics is on relationships that... 

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  • Policy Holder

    • Policy holder is a person who has insured life with an insurance policy or for any education plan insurance, family benefit fund insurance or retirement benefit fund insurance. There are many things considered by the policy... 

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