-NeeBo Glossary-

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NeeBo-Capital-Glossary

-I-

  • Insurance � a contract that binds a party to provide compensation for a specified damage, loss, or injury suffered in return for premium (a sum of money) paid.

  • Interest � 1. Money paid for a borrower�s use of money, calculated as a percentage of the money borrowed and paid over a specified time. 2. A right to, or share of, title to a property.

  • Invoice factoring�a financial transaction whereby a business sells its accounts receivable invoices at a discount to a factoring company.


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