COMMERCE | DON STEVE BLOG
March 29, 2024

COMMERCE

TRANSPORT BY AIR

TRANSPORT BY AIR

Transport by air is the system of moving goods and passengers through the air by aeroplanes, helicopters etc. Air transport is very fast and comfortable but it is expensive. Air ...
TRANSPORT BY PIPELINE

TRANSPORT BY PIPELINE

Transport by pipeline is a system of transporting gasses and liquid products from one place to another through the use of pipelines. Pipelines are constructed or laid underground as means ...
TRANSPORT BY LAND

TRANSPORT BY LAND

Transport by land is the means of conveying goods and passengers from one place to another through land. This means of transportation is very good for trading within a country, ...
MEANING OF TRANSPORTATION

MEANING OF TRANSPORTATION

Transportation is one of the aids to trade. It is the process of conveying goods and people from one place to another either through water, road, rail or air. It ...
THE PROVISIONS IN THE PARTNERSHIP DEEDS

THE PROVISIONS IN THE PARTNERSHIP DEEDS

A partnership business may be established without any formality although the partners have certain unavoidable obligations to third parties, they may make such agreement between themselves in respect of the ...
DISSOLUTION OF PARTNERSHIP

DISSOLUTION OF PARTNERSHIP

Dissolution of partnership is the coming to an end of a partnership agreement. It is the breakup of a partnership business. A partnership may be automatically dissolved due to the ...
MEANING OF BANK

MEANING OF BANK

Bank is a commercial institution which performs various financial activities, e.g. accepting and handling of deposits of its customers. It is a body of persons who carry on the business ...
CREDIT UNIONS AND THRIFT SOCIETIES

CREDIT UNIONS AND THRIFT SOCIETIES

Credit unions and thrift societies may be referred to as the coming together of a group of people with common interest who have agreed to pool their resources together from ...
UNDERWRITING AND REINSURANCE

UNDERWRITING AND REINSURANCE

Underwriting: This is the process whereby a merchant of insurance company undertakes to cover, underwrite a portion of a risk or assume part of a risk. This is common in ...
FIRE INSURANCE

FIRE INSURANCE

Fire Insurance is a type of insurance which provides cover for loss or damage caused by burning. A person can insure himself or property against any loss as a result ...