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3 Results for Tag: payer

Hawala

DefinitionHawala or hewala, also known as hundi or—in Somali, xawala or xawilaad—is a popular and informal value transfer system based not on the movement of cash, or on telegraph or com

Call Swaption

Call Swaption What is 'Call Swaption' A type of option between two parties that can be exercised on a swap where the buyer of the swap has the right, but not obligation, to receive an agre

Waiver Of Premium For Payer Benefit

Waiver Of Premium For Payer Benefit What is 'Waiver Of Premium For Payer Benefit ' A clause in an insurance policy that says that the insurance company will not require the insured to pay