Education

Managing Obsolete Inventory: Balancing Cost and Risk

by Knowledge Resources

In the fast-paced world of business, it's important to stay on top of inventory levels and minimize the risk of holding onto obsolete products. Obsolete inventory refers to products that are no longer in demand or have been replaced by newer, more...

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Obligor: A Vital Piece of the Financial Puzzle

by Knowledge Resources

The world of finance is filled with complex concepts, but none more important than the notion of obligor. An obligor is a party that has a legal obligation to repay a debt or fulfill an obligation. This concept is central to the functioning of the...

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What is Obligatory Reinsurance?

by Knowledge Resources

Obligatory reinsurance is a type of insurance that is required by law in some countries to provide protection against large and unexpected losses. This insurance is designed to help reduce the financial risk of insurance companies and ensure that...

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