Sofia, Bulgaria

Finance, Insurance and Social Security

Финанси, застраховане и осигуряване

Table of contents

⇑Finance, Insurance and Social Security at University of Insurance and Finance

Language: Bulgarian Studies in Bulgarian
Subject area: economy and administration
University website: vuzf.bg/
Programme: Finance, Insurance and Social Security
Type: PhD/Doctoral programme
Academic degree: Doctor (доктор)
Duration: 3 years

⇑Definitions and quotes

Finance
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
Insurance
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Security
Security is freedom from, or resilience against, potential harm (or other unwanted coercive change) from external forces. Beneficiaries (technically referents) of security may be persons and social groups, objects and institutions, ecosystems, and any other entity or phenomenon vulnerable to unwanted change by its environment.
Social
Living organisms including humans are social when they live collectively in interacting populations, whether they are aware of it, and whether the interaction is voluntary or involuntary.
Security
To bargain freedom for security is the devil's bargain. Having made the bargain, one enjoys neither freedom nor security.
Gerry Spence, Give Me Liberty! Freeing Ourselves in the Twenty-First Century, Ch. 16 : Security, the One-Way Ticket to Slavery, p. 174 (1998)
Insurance
It is true that the theory of our Constitution is, that all taxes are paid voluntarily; that our government is a mutual insurance company, voluntarily entered into by the people with each other; that each man makes a free and purely voluntary contract with all others who are parties to the Constitution, to pay so much money for so much protection, the same as he does with any other insurance company; and that he is just as free not to be protected, and not to pay any tax, as he is to pay a tax, and be protected.
Lysander Spooner, No Treason (1867–1870), No. VI: The Constitution of No Authority (1870), pp. 12–13.
Security
From that point, my universe went on crumbling; new cracks appeared all the time. I could see that the pleasant securities of childhood, all of those warm little human emotions, all of those trivial aims and purposes that we allow to rule our lives, were an illusion. We were like sheep munching grass, unaware that the butcher's lorry is already on its way. I got used to living with a deep, underlying feeling of uncertainty that no one around me seemed to share. It was rather like living on death row.
Colin Wilson in Alien Dawn, pp. 12-13 (1998)
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