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Insurance

Premiums in force

Life insurance policies that are still in effect at a specific moment are referred to as "in-force" policies. The total value of these policies can be calculated by adding together the face amounts and any dividend additions. This is an important concept to understand in the realm of finance, as it reflects the total amount of coverage that a person or entity currently holds.

Named peril

Insurance policies often include specific risks that are covered, known as perils. These can range from natural disasters such as floods and earthquakes, to man-made events ...

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Inboard watercraft

A vessel with an integrated propulsion system, commonly known as a motorboat, is a type of watercraft that utilizes a permanent motor as its means of propulsion. This featur...

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Commercial paper

Commercial paper is a type of promissory note that is commonly used by commercial firms and financial companies to fund their current business operations. It is a short-term...

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Accounts receivable (debtors) insurance

In finance, the concept of indemnification refers to the compensation or protection provided to an individual or entity for any losses incurred due to unforeseen circumstanc...

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