The Money exchange

Category: glossary , Asked by: F. Boyle from United States

A: A document issued by an insurance company/broker that is used to verify the existence of insurance coverage under specific conditions granted to listed individuals. More specifically, the document lists the effective date of the policy, the type of insurance coverage purchased, and the types and dollar amount of applicable liability. A certificate of insurance is often demanded in situations where liability and large losses are a concern. For example, a company wishes to hire a driver from a temp agency. The company will most likely ask the agency to show them a certificate of insurance that proves that certain liabilities will be covered by insurance in the event the driver causes problems, such as incurring damages from driving the company

Category: glossary , Asked by: B. Stephenson from Canada

A: A law that permits a court to triple the amount of damages awarded in cases where the defendant willfully acted in a prohibited way. Usually a court will require substantial evidence proving that the defendant's actions were willful in nature or done in bad faith before treble damages are awarded. In the corporate world treble damages often arise in regard to patent infringement, willful counterfeiting and antitrust lawsuits. Damages are calculated against the financial loss incurred by the plaintiff directly resulting from the actions of the defendant.

Category: technical , Asked by: Isis R. From Wien, Austria

A: Try to look for a forex site that is regulated by established foundations, as BVI. If a platform is certificated by BVI, you can definitely be certain your financial details are treated with utmost strict security regulations in it. A sublime example for such a forex site is "GCI".