Mode of Premium Payment. Written by admin // June 23, 2011 // Insurance Glossary: E-M, Insurance Terms // Comments Off on Mode of Premium Payment. This is the frequency in which a policyowner elects to pay premiums. Frequency options are typically annual, semi-annual, quarterly and monthly on auto insurance policies. The monthly option may be slightly higher than semi-annual premiums because additional expenses are incurred.
While these items are still available, binary powders (Flash Powders) are no longer sold to the general public due to it being regulated by the federal government. BATFE (Bureau of Alcohol, Tobacco, Firearms and Explosives) License is required to legally purchase, use, and store these types of explosives.
In subsequent centuries it had military applications in rifles and cannons, but in these it has long since been replaced by modern, smokeless powders. The fireworks industry is one of the last major industries that still uses traditional black powder. Rather than being one particular compound, gunpowder is actually a mix of three different components. It consists of potassium nitrate (75% by weight), charcoal (15% by weight), and sulfur (10% by weight).