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Time limit on certain defenses provision Time limit on certain defenses provision in an individual health insurance policy that prohibits the company from canceling the policy or denying a claim on the basis of a preexisting condition or misstatement in the application after the policy has been in force for
Gross profit on sales Gross profit on sales is the profit that a company made after deducting cost of goods sold from net sales but before subtracting operating expenses.
General Agreement on Tariffs and Trade (GATT) General Agreement on Tariffs and Trade (GATT) was the first international free trade agreement. It was established in 1948 as a 23-country...
Overdraft on Current Account An overdraft allows to borrow money for a short period of time through current account. So, it is a credit facility for a current account customer.
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