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Negative act

Negligence refers to the failure of an individual to fulfill their obligations, resulting in harm or loss to another party. It can involve the failure to perform a required action or the omission of an expected duty. This can be seen as a breach of duty, which can have legal consequences. In the world of finance, negligence can have serious implications and it is important to always fulfill one's duties and responsibilities.

Express warranty

Contracts often include a warranty, which is a promise that a product or service meets certain standards. This warranty is a legally binding agreement between parties and sp...

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Annual statement

A financial statement, also known as an annual report, provides a comprehensive overview of an insurer or re-insurer's financial activities for a specific year. It typically...

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Probate

Probate is a legal procedure that occurs upon the passing of an individual, in which their assets are distributed and the instructions outlined in their will are executed. ...

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Pure risk

In the world of finance, we often come across the term 'uncertainty' which refers to the unknown possibility of experiencing a loss. This concept can be quite complex to und...

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