Why would house on a river bank be considered a risk?

Answer Because there is an increased risk of flooding and water damage to the house. This is due to the possibility of the river overflowing the banks of the river after a large rain or storm.

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Would gout be considered a pre-existing condition - if it subsequently moves to your hands - after taking out the insurance would it be considered pre existing?

If you had gout any where in your body previously then it is a pretty safe bet that it wil be described as a pre-existing condition iif you get it any where else. Gout is the result of uric acid cr... Read More »

Bank CD Risk?

Bank CDs, or certificates of deposit, are a banking product that is offered to consumers and businesses. It is technically a money market deposit and negotiable instrument, which is used by banks t... Read More »

What is considered a credit risk for your business?

Credit is essential to transact business. Businesses use credit to finance themselves, while also making sales to customers by extending credit. You should recognize the risks associated with credi... Read More »

Why should a bank manage its interest rate risk?

A bank needs to manage its interest rate risk in order to ensure that changes in interest rates do not create losses due to timing differences between the receipt of interest and the payment of int... Read More »