Background and terminology 4)insurance:保险 System whereby individuals and companies concerned about potential hazards pay premiums to an insurance company,which reimburses (in whole or part)them in the event of loss.The insurer profits by investing the premiums it receives. 制尔价爱行質多大考
Background and terminology Background and terminology 4) insurance: 保险 System whereby individuals and companies concerned about potential hazards pay premiums to an insurance company, which reimburses (in whole or part) them in the event of loss. The insurer profits by investing the premiums it receives
Background and terminology Some common forms of insurance cover business risks,automobiles,homes, boats,worker's compensation,and health.Life insurance guarantees payment to the beneficiaries when the insured person dies.In a broad economic sense,insurance transfers risk from individuals to a larger group,which is better able to pay for losses. 制行运行贸易大孝
Background and terminology Background and terminology Some common forms of insurance cover business risks, automobiles, homes, boats, worker's compensation, and health. Life insurance guarantees payment to the beneficiaries when the insured person dies. In a broad economic sense, insurance transfers risk from individuals to a larger group, which is better able to pay for losses
Background and terminology 5)the Suez Canal:苏伊士运河 In 1854 the French diplomat and engineer Vicomte Ferdinand Marie de Lesseps succeeded in enlisting the interest of the Egyptian viceroy(总督)Said Pasha in the project.In 1858 La Compagnie Universelle du Canal Maritime de Suez(Universal Company of the Maritime Suez Canal)was formed with authority to cut a canal and to operate it for 99 years,after which ownership would return to the Egyptian government. 券价营有蜀多大学
Background and terminology Background and terminology 5) the Suez Canal: 苏伊士运河 In 1854 the French diplomat and engineer Vicomte Ferdinand Marie de Lesseps succeeded in enlisting the interest of the Egyptian viceroy (总督) Said Pasha in the project. In 1858 La Compagnie Universelle du Canal Maritime de Suez (Universal Company of the Maritime Suez Canal) was formed with authority to cut a canal and to operate it for 99 years, after which ownership would return to the Egyptian government
Background and terminology The company was originally a private Egyptian concern,its stock owned chiefly by French and Egyptian interests.Excavation of the canal was begun on April 25,1859,and the canal was opened to navigation on November 17,1869.In 1875 the British government purchased Egypt's shares. 制行运行贸易大孝
Background and terminology Background and terminology The company was originally a private Egyptian concern, its stock owned chiefly by French and Egyptian interests. Excavation of the canal was begun on April 25, 1859, and the canal was opened to navigation on November 17, 1869. In 1875 the British government purchased Egypt's shares