What is a Decision Support System (DSS)? A decision support system (DSS) is an information system that aids a business in decision-making activities that require judgment, determination, and a sequence of actions. The information system assists the mid- and high-level management of an organization by analyzing huge volumes of unstructured data and accumulating information that…
What is Disability Insurance? Disability insurance is a type of insurance protecting workers when they lose employability and earned income due to becoming disabled. In the case of disability, the worker will be compensated by disability insurance. The main purpose of disability insurance is to protect workers against disability risk. Disability insurance is usually funded…
What is Development Economics? Development economics is a branch of economics that focuses on the economics of country development. It focuses on how people in a society can escape poverty and enjoy a better standard of living. Aspects of Development Economics Country development and development economics both involve a wide range of studies. Primarily, development…
What is a Dealer Market? A dealer market is a financial market where dealers post prices they would be willing to buy and sell specific securities on their own account. Dealers act as “market makers” by adding liquidity and are able to create a market by posting their offer price and bid price electronically. The…
What is Debtor in Possession (DIP)? Debtor in Possession (DIP) is a form of financing that is provided to companies that filed for Chapter 11 bankruptcy. Used to restructure, DIP financing provides capital funding for an organization while bankruptcy runs its course. DIP Financing vs. Regular Financing Debtor in Possession Financing: A form of financing…
What is Bancassurance? Bancassurance refers to an agreement between a bank and an insurance company. In bancassurance, the insurance company can use the bank’s distribution channels to sell products. Banks, in return, receive a certain fee from the insurance company. History of Bancassurance Bancassurance as a term first appeared in France in…
What is Debt Consolidation? Debt consolidation is a form of debt refinancing in which several smaller debts are consolidated into one simplified debt. It generally results in a lower interest rate, lower monthly payment, and a simplified payment plan. Debt consolidation simplifies payment plans by eliminating the number of debts and allowing consumers to put…
What is a Voluntary Reserve? A voluntary reserve is a financial reserve held by insurance companies. The reserves are frequently regulated by government agencies to ensure the solvency of an insurance company. Voluntary reserves are additionally held as liquid assets. Understanding Voluntary Reserves To appear financially stable and improve liquidity ratios, insurance companies will hold voluntary…
What is Micromarketing? Micromarketing is a marketing strategy that is used over a targeted group of customers in a niche market. It is typically used to advertise a product or service with a narrow customer base. The customer base is chosen by the marketer based on certain characteristics, such as age, gender, job title, location,…
What is the Vice Fund? The Vice Fund, managed by USA Mutuals, is a mutual fund that invests in alcoholic drinks, tobacco, gambling, and defense industries. The word vice means immoral and wicked behavior, indicating the somewhat questionable investment strategy adopted by the Vice Fund. Origins and Philosophy of the Vice Fund In 2001, the…
