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Insurance

Mortgage-backed securities

In the world of finance, there exists a category of securities known as investment grade securities. These securities are backed by a pool of mortgages, which means that the issuer uses the cash flow generated from these mortgages to meet the interest payments on the bonds. This type of security offers a level of security and stability for investors, making it a popular choice in the market.

Noncancellable

A non-cancelable policy is a type of insurance that cannot be terminated by the insurer until a specific age is reached. In other words, the policy remains in force as long ...

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War hazard exclusion

Insurance coverage for death caused by war or hostile action is not included in this policy. This means that if a person dies as a result of these circumstances, their loved...

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Endowment Plan

In the world of finance, there exists a concept known as a life insurance policy. This is a carefully crafted agreement between a policyholder and an insurance company, wher...

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Contributory negligence

In legal terms, there exists a concept known as "comparative negligence", which refers to a situation where both parties involved in a civil lawsuit share some responsibilit...

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