Meaning of the word: Reinsurer
Reinsurer is a company, which takes responsibility in the case that the insurer is unable to repay its obligations. The insurer must pay for this service. When the insurer gets into insolvency, reinsurer take full responsibility for his debts.back to dictionary >
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Principal financial is the amount that the debtor's borrowed from the lender. The reward for providing this amount is interest for the lender, which…go to the dictionary >
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