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Insurance

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 impact on their operations and financial stability. To mitigate this risk, businesses can obtain coverage known as political risk insurance. This type of insurance provides protection against financial losses resulting from political events that may disrupt business operations. It is an important risk management tool for businesses operating abroad, providing them with peace of mind and financial security in the face of potential political turmoil.

Unilateral contract

A legal agreement, like an insurance contract, where one party is obligated to fulfill promises that are legally binding. This type of contract is known as a unilateral cont...

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Civil law

In the realm of finance, there exists a concept known as civil wrongs, which pertains to legal actions taken against individuals or organizations for harm caused. One such e...

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Activities of daily living

Long-term care insurance policies often include specific activities that must be impeded in order for the policyholder to receive payment. These activities, including eating...

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Reinsurance

Reinsurance is a risk management strategy where a primary insurer transfers risk to a reinsurer. This allows the primary insurer, also known as the ceding company, to protec...

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