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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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earthiness
Beverages; Coffee
One of several terms, also including gaminess and wildness, referring to the off taste caused by carelessly processed natural coffee.
behavioral interview
Business services; Human resources
An interview to assess the characteristics of the interviewee's personality, to see whether he/she will suit the organization and role applied for. Questions will encourage the ...
undigested securities
Financial services; General Finance
Newly issued securities that are not purchased because of lack of demand during the initial public offering.
Wraparound
Financial services; General Finance
The seller of an option, usually an individual, bank, or company that issues the option and consequently has the obligation to sell the asset (if a call) or to buy the asset (if a ...
presta valve
Sports; Bicycle & electric bicycle
the narrow European-style valve found on some inner tubes. A small metal cap on its end must be unscrewed before air can enter or exit.