Skip to content
Start learning
1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

Showing 1 term

Third-party liability

Market basics

Motor cover for death, injury or property damage caused to somebody else — compulsory by statute for every vehicle on a public road.

In plain terms

For death and injury there is no ceiling: the award is computed from the deceased’s earnings, prospects, dependants and age, and has nothing to do with the value of your car. Lapse it and that award is enforced against you.

Read the full lesson →
Indian stock market glossary · Market Vidyalaya