Examlex
The present value concept becomes more important as interest rates increase.
Bill Of Lading
An official document issued by a carrier to acknowledge receipt of cargo for shipment, acting as a contract between the owner of the goods and the carrier.
Insurable Interest
Insurable interest exists when an individual or entity stands to suffer a financial loss or certain types of loss from the damage, loss, or destruction of the property or the life insured.
Document of Title
A legal document evidencing a person's legal right to control the disposal of goods, such as a bill of lading or warehouse receipt.
Bailees
Individuals or entities entrusted with temporary possession of someone else's property.
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