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Insurance

Automatic treaty

Reinsurance is a crucial concept in the world of finance. It refers to a contractual agreement between a ceding company and a reinsurer, where the former agrees to transfer a portion of its business to the latter. This exchange is based on predetermined terms and conditions, and helps mitigate risk for the ceding company by distributing it to the reinsurer. This is just one example of the intricate and important concepts that make up the world of finance.

Slander

Gossip, slander, and libel are all examples of spoken words that can harm someone's reputation. These types of statements can lead to legal consequences and damage an indivi...

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Accelerated death benefit

Let's take a closer look at a common finance term - accelerated benefit. This refers to a portion of a policy's face amount, adjusted for interest, that can be received by t...

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Political risk insurance

. Businesses operating in foreign countries face the risk of political upheaval, including war, revolution, or confiscation of property. This risk can have a significant imp...

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Inherent nature of the goods

Product liability refers to the responsibility of a manufacturer or seller for any harm caused by their product. It is considered a cause of loss and can release the carrier...

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