Course glossary

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Here are some worlds which should be familiar for you till the end of the course, try to cover them when you will have free time.


Browse the glossary using this index

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W

Without-profits policy

An insurance policy that does not share in the profits of the business that issued it.

Working Capital

This is the capital a business uses in its day-to-day trading. It’s the difference between current assets and current liabilities. It provides an indication of liquidity and the businesses ability to meet its current obligations.

Work-life balance

The balance in demands of both life at work and personal life.