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History Of Insurance
The history of insurance traces the development of the modern business of insurance against risks, especially regarding cargo, property, death, automobile accidents, and medical treatment. The insurance industry helps to eliminate risks (as when fire-insurance providers demand the implementation of safe practices and the installation of hydrants), spreads risks from individuals to the larger community, and provides an important source of long-term finance for both the public and private sectors. Ancient era In December 1901 and January 1902, at the direction of archaeologist Jacques de Morgan, Father Jean-Vincent Scheil, OP found a 2.25 meter (or 88.5 inch) tall basalt or diorite stele in three pieces inscribed with 4,130 lines of cuneiform law dictated by Hammurabi (c. 1792–1750 BC) of the First Babylonian Empire in the city of Shush, Iran. ''Codex Hammurabi'' Law 100 stipulated repayment by a debtor of a loan to a creditor on a schedule with a maturity date spe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business
Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with Sole proprietorship, sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inch
Measuring tape with inches The inch (symbol: in or ″) is a unit of length in the British imperial and the United States customary systems of measurement. It is equal to yard or of a foot. Derived from the Roman uncia ("twelfth"), the word ''inch'' is also sometimes used to translate similar units in other measurement systems, usually understood as deriving from the width of the human thumb. Standards for the exact length of an inch have varied in the past, but since the adoption of the international yard during the 1950s and 1960s the inch has been based on the metric system and defined as exactly 25.4 mm. Name The English word "inch" ( ang, ynce) was an early borrowing from Latin ' ("one-twelfth; Roman inch; Roman ounce"). The vowel change from Latin to Old English (which became Modern English ) is known as umlaut. The consonant change from the Latin (spelled ''c'') to English is palatalisation. Both were features of Old English phonology; see and fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loan
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debtor
A debtor or debitor is a legal entity (legal person) that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower. If X borrowed money from their bank, X is the debtor and the bank is the creditor. If X puts money in the bank, X is the creditor and the bank is the debtor. It is not a crime to fail to pay a debt. Except in certain bankruptcy situations, debtors can choose to pay debts in any priority they choose. But if one fails to pay a debt, they have broken a contract or agreement between them and a creditor. Generally, most oral and written agreements for the repayment of consumer debt - debts for personal, family or household purposes secured primarily by a person's residence - are enforceable. For the most part, debts that are business-related must be made in writi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity. The term can also be used metaphorically to cover moral obligations and other interactions not based on a monetary value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person. Etymology The English term "debt" was first used in the late 13th century. The term "debt" comes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paris, France
Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the List of cities proper by population density, 30th most densely populated city in the world in 2020. Since the 17th century, Paris has been one of the world's major centres of finance, diplomacy, commerce, Fashion capital, fashion, gastronomy, and science. For its leading role in the arts and sciences, as well as its very early system of street lighting, in the 19th century it became known as "the City of Light". Like London, prior to the Second World War, it was also sometimes called Caput Mundi#Paris, the capital of the world. The City of Paris is the centre of the Île-de-France Regions of France, region, or Paris Region, with an estimated population of 12,262,544 in 2019, or about 19% of the population of France, making the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Louvre
The Louvre ( ), or the Louvre Museum ( ), is the world's most-visited museum, and an historic landmark in Paris, France. It is the home of some of the best-known works of art, including the ''Mona Lisa'' and the ''Venus de Milo''. A central landmark of the city, it is located on the Right Bank of the Seine in the city's 1st arrondissement (district or ward). At any given point in time, approximately 38,000 objects from prehistory to the 21st century are being exhibited over an area of 72,735 square meters (782,910 square feet). Attendance in 2021 was 2.8 million due to the COVID-19 pandemic, up five percent from 2020, but far below pre-COVID attendance. Nonetheless, the Louvre still topped the list of most-visited art museums in the world in 2021."The Art Newspaper", 30 March 2021. The museum is housed in the Louvre Palace, originally built in the late 12th to 13th century under Philip II. Remnants of the Medieval Louvre fortress are visible in the basement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shush, Iran
Shush ( fa, شوش; also Romanized as Shūsh, Shoosh, and by name of the ancient nearby city: Sūsa) is a city and capital of Shush County, Khuzestan Province, Iran. At the 2006 census, its population was 53,897, in 10,689 families. Shush is located beside ancient Susa Susa ( ; Middle elx, 𒀸𒋗𒊺𒂗, translit=Šušen; Middle and Neo- elx, 𒋢𒋢𒌦, translit=Šušun; Neo-Elamite and Achaemenid elx, 𒀸𒋗𒐼𒀭, translit=Šušán; Achaemenid elx, 𒀸𒋗𒐼, translit=Šušá; fa, شوش .... References Populated places in Shush County Cities in Khuzestan Province Susa {{Shush-geo-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Babylonian Empire
The Old Babylonian Empire, or First Babylonian Empire, is dated to BC – BC, and comes after the end of Sumerian power with the destruction of the Third Dynasty of Ur, and the subsequent Isin-Larsa period. The chronology of the first dynasty of Babylonia is debated, since there is a Babylonian King List A and also a Babylonian King List B. In this chronology, the regnal years of List A are used due to their wide usage. The reign lengths given in List B are longer, generally speaking. Hardship of searching for origins of the First Dynasty The actual origins of the First Babylonian dynasty are rather hard to pinpoint with great certainty — simply because Babylon itself, due to a high water table, yields very few archaeological materials intact. Thus, the evidence that survived throughout the years includes written records such as royal and votive inscriptions, literary texts, and lists of year-names. The minimal amount of evidence in economic and legal documents makes it diff ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hammurabi
Hammurabi (Akkadian: ; ) was the sixth Amorite king of the Old Babylonian Empire, reigning from to BC. He was preceded by his father, Sin-Muballit, who abdicated due to failing health. During his reign, he conquered Elam and the city-states of Larsa, Eshnunna, and Mari. He ousted Ishme-Dagan I, the king of Assyria, and forced his son Mut-Ashkur to pay tribute, bringing almost all of Mesopotamia under Babylonian rule. Hammurabi is best known for having issued the Code of Hammurabi, which he claimed to have received from Shamash, the Babylonian god of justice. Unlike earlier Sumerian law codes, such as the Code of Ur-Nammu, which had focused on compensating the victim of the crime, the Law of Hammurabi was one of the first law codes to place greater emphasis on the physical punishment of the perpetrator. It prescribed specific penalties for each crime and is among the first codes to establish the presumption of innocence. Although its penalties are extremely harsh by modern s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cuneiform Law
Cuneiform law refers to any of the legal codes written in cuneiform script, that were developed and used throughout the ancient Middle East among the Sumerians, Babylonians, Assyrians, Elamites, Hurrians, Kassites, and Hittites. The Code of Hammurabi is the best-known of the cuneiform laws, but there were a number of precursor laws. Features Although they were written in several different cities and kingdoms, these early laws have a number of formulae in common. Most contain both an epilogue and a prologue, which usually explain the purpose of composing the laws, invoke divine authority, and command the reader to abide by them. They are always imposed or 'enacted' in the name of a ruler, be it a prince or king, and show no sign of being the result of legislative bodies. While many of these codes are only partially known, they nevertheless paint a fairly clear picture that enables us to learn what issues pertaining to rules were considered significant by the societies they governed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Code Of Hammurabi
The Code of Hammurabi is a Babylonian legal text composed 1755–1750 BC. It is the longest, best-organised, and best-preserved legal text from the ancient Near East. It is written in the Old Babylonian dialect of Akkadian, purportedly by Hammurabi, sixth king of the First Dynasty of Babylon. The primary copy of the text is inscribed on a basalt stele tall. The stele was rediscovered in 1901 at the site of Susa in present-day Iran, where it had been taken as plunder six hundred years after its creation. The text itself was copied and studied by Mesopotamian scribes for over a millennium. The stele now resides in the Louvre Museum. The top of the stele features an image in relief of Hammurabi with Shamash, the Babylonian sun god and god of justice. Below the relief are about 4,130 lines of cuneiform text: one fifth contains a prologue and epilogue in poetic style, while the remaining four fifths contain what are generally called the laws. In the prologue, Hammurabi claims ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
