Examlex
The role of a relatively high-priced brand in the portfolio is often to attract customers to the brand franchise or to "build traffic".
Insurable Interest
A legal requirement for obtaining insurance policies, stipulating that the policyholder must stand to suffer a financial or personal loss from the insured event.
Appraisal Clause
A provision in insurance policies allowing for a neutral party to determine the value of property or the extent of damage in case of disagreement.
Insurance Policy
A contract between an insurance company and the policyholder which outlines the terms, coverage, and conditions under which the insurer agrees to compensate the insured for losses.
Impartial
Not biased, fair; not favoring one side over another.
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