THE STRUCTURE OF THE INSURANCE MARKET IN ROMANIA-GUARANTEE (BAIL INSURANCE)
THE STRUCTURE OF THE INSURANCE MARKET IN ROMANIA GUARANTEE (BAIL INSURANCE)

Summary/Abstract: The risk represents a measure of inconsistency between different possible results, more or less favorable in a future action (Romanian Academy, 2009). The risk is a real undesirable outcome that can appear in any contract or on any kind of commercial operation that extends over time. The risk can generate problems for the debtor in fulfiling his contractual obligations towards the creditor. The effects of the risk will inevitable generate losses along the transaction for one or even all the parties involved. The risk represents an unfortunate event or a series of circumstances that once manifested will produce negative effecy over a project. There several types of risks that the companies face on both national and international markets. Among different types of risk, an important role is played by the financial risk.

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