Examlex
The underwriting surplus is calculated by deducting all indemnities paid for deserving claims, the retakaful policy, and changes in technical provisions from the total premium contributions of the participants.
Commercial Letter
A letter used in business transactions that deals with specific aspects of commercial operations.
Foreign Bond
A bond issued in a country by a foreign entity, denominated in the currency of the country where it is issued.
Multinational Technology
Advanced technological systems and solutions that are developed, deployed, and used across multiple countries by international businesses.
Consignment
A business arrangement where goods are left in the possession of another party to sell, but ownership remains with the sender until the goods are sold.
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