It means that the points you earned from e-voucher can be can be converted as cash to pay for the premium for X insurance products.
Generally, it would also say that how many points will you certain amount of cash e.g. one point equal to one currency unit or 4 points equal to one currency unit.
what is a meaning of redeem code
what is meaning of liability in accounting
Legal Liability. Liability.
Redeem means to get something back for something you have: He had enough coupons saved to be able to redeem the toy that had been advertised. See the related questions below for other examples.
The amount of liability which is yet to be paid as on the balance sheet date is known as outstanding liability
Redeem or redemption.
With Limited Liability in a business organization
an exception
The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law., That which one is under obligation to pay, or for which one is liable., the sum of one's pecuniary obligations; -- opposed to assets.
= not responsible for If one is immune from liability then that person cannot be held responsible for the reason that person has immunity from.
I liability that may be incurred depending upon future event(s) Example- let there is a claim on a company existence of that liability is depends on decision of court so existence of that liability is uncertain so we can say that contigent liability is that liability which may occur or may not. ..
Yes, a debit decrease liability and a credit increase liability. if a debtors/customer make the repayment obligation, it will decrease debtors, meaning decrease in liability.