In Schedule Rating,each Building Is Individually Evaluated Based on Several

question 2

Multiple Choice

In schedule rating,each building is individually evaluated based on several rating factors.One factor refers to the possibility that the building will be damaged or destroyed by a fire that starts at an adjacent property and spreads to the building.This rating factor is known as

• A)occupancy.
• B)protection.
• C)maintenance.
• D)exposure.

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Definitions:

EAFE

An acronym for Europe, Australasia, and Far East, and it refers to a stock index that is designed to measure the equity market performance in those regions.

Forward Rate

The interest rate agreed upon today for a loan that will occur at a future date, used in the calculation of the yield curve and in the pricing of forward contracts.

Canadian Security

A financial instrument issued in Canada, such as stocks, bonds, or investment funds.

Exchange Rate

The worth of a currency when exchanged for a different one.