Your Assignment Is to Explain the Basis for No-Fault Insurance

question 100

Essay

Your assignment is to explain the basis for no-fault insurance.Do so in one brief,but thorough,paragraph.

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Definitions:

Equity

The worth of a stake in property ownership, such as the equity held by shareholders in a company.

Dealer Market

A financial market where dealers buy and sell securities for their own accounts, acting as principals in the transaction.

Securities

Financial instruments that represent either ownership (stocks), a debt agreement (bonds), or rights to ownership (derivatives) that can be bought and sold.

Primary Market

The financial market where new securities are issued and sold for the first time, typically through public offerings or private placements.