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From 1921-1924, the Soviet Union experienced a period called:
Open Policy
An insurance policy that provides coverage for all shipments or transfers under certain conditions over a specific period of time without the need for individual certificates.
Fair Market Value
The price that a property would sell for on the open market, where both buyer and seller have reasonable knowledge of all pertinent facts.
Increase Of Hazards Clause
A provision in insurance policies that allows the insurer to deny coverage if the insured significantly increases the risk or hazard insured against.
Highly Explosive Material
Substances that have a rapid and violent chemical reaction causing an explosion.
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