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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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hole card
Entertainment; Gambling
Poker term referring to cards which are dealt face down, and are held by individual players.
duplex copying
Office equipment; Copiers
Duplex is another word for automatically copying on both sides of a page. Duplex copying is best achieved by adding a the copier with a document feeder called a recirculating ...
interception
Sports; Football
a pass caught in the air (picked off) by a defender whose team immediately gains possession of the ball and becomes the offense.
secondary purchase
Financial services; Venture capital
Purchase of stock in a company from a shareholder rather than purchasing stock directly from the company.
