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Insurance

Friendly fire

As an expert in finance, it is crucial to understand the concept of fire confinement. This refers to the containment of a fire within a designated area such as a boiler or stove. This helps prevent the spread of fire to other parts of a building, reducing potential damage and costs. In simple terms, it means keeping a fire under control and limiting its impact. Remember, proper fire confinement is essential for effective risk management in the financial world.
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