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Insurance
Insurance is a promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss. Some forms of insurance are required by law, while others are optional. Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer. In exchange for payments from the insured (called premiums), the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event. In most cases, the policy holder pays part of the loss (called the deductible), and the insurer pays the rest. Examples include car insurance, health insurance, disability insurance, life insurance, and business insurance.
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blasting cap
Energy; Coal
A device containing a primary explosive that is sensitive to heat and shock. The blasting cap is used to start the denotation of the secondary explosive, which for safety reasons ...
Scooper
Kitchen & dining; Cooking tools
A tool used to scoop out fruits, vegetables or ice creams in spherical shapes of different sizes.
speculative demand (for money)
Financial services; General Finance
The need for cash to take advantage of investment opportunities that may arise.
bituminous coal
Energy; Coal
A soft coal that is considered better than lignite but worst than anthracite. It's about 60-80% carbon with the rest being water, air, hydrogen, and sulfur.
supermajority
Financial services; General Finance
Provision in a company's charter requiring a majority of, say, 80% of shareholders to approve certain changes, such as a merger.
Satin Finish
Kitchen & dining; Cooking tools
A treatment to improve heat absorption. Applied to the exterior bottom by a brushing operation.
Self-directed IRA
Financial services; General Finance
An IRA that the account holder can after appointing a custodian manager to carry out investment instructions.