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.
Peso was a name given in Spain and particularly in Hispanic America to the 8-royal coin or real de a ocho, a large silver coin of the type commonly known as a thaler (dollar) in Europe.It had a legal weight of 27.468 g and a millesimal fineness of 930.5 (25.561 g fine silver).eso was a name given in Spain and particularly in Hispanic America to the 8-royal coin or real de a ocho, a large silver coin of the type commonly known as a thaler (dollar) in Europe.
The Mexican Peso. Mexicoâs currency is the Mexican Peso. There are one hundred Mexican cents (centavos) to every peso. The symbol for the the Mexican Peso is $. To distinguish this from the Dollar, you sometimes see it presented as MX$ or the value with the letters âMNâ after it, e.g. $100 MN. The MN stands for Moneda Nacional, meaning National Currency. Mexican Bank notes are printed in denominations of 20, 50, 100, 200, 500 and 1,000 pesos.