Unit 2

Question 1

Bancassurer

Answer 1

is a bank that owns an insurance company or an insurance company that owns a bank

Bancassurance is an arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank’s client base.

Question 2

Debenture

Answer 2

A loan must be paid back by a set date and must be secured against something of equal value. A debenture doesn’t need to be taken out against something of equal value, simply something deemed sufficiently valuable, which is why they can be secured against something variable like inventory.