Meaning of the word: Participation
Participation is a supplement in the treaty, where is listed the information about the contribution to the indemnity by the insured person himself. If the damage caused by the insured, the indemnity shall be reduced just about participation. Participation is measured as a percentage, the amount ranges from 10% to 1%.
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Mobile banking
Mobile banking is a system that allows customers of bank to conduct financial transaction through mobile phone. It works like system GSM and it´s…
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