Match the Term with Its Definition

question 78

Multiple Choice

Match the term with its definition.
-Identifying the specific perils covered in a property insurance policy

• A)all-risk approach
• B)business risk
• C)compensatory damages
• D)Economic damages
• E)health maintenance organization (HMO)
• F)market risk
• G)named-peril approach
• H)peril
• I)preferred provider organization (PPO)
• J)pure risk

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Definitions:

Investment

An investment is an asset or item acquired with the goal of generating income or appreciation over time.

Investment

The action or process of investing money for profit or material result, often involving risk.

Original Principal

The initial amount of money loaned or invested, before any interest or profits are added.

Missing Value

A data point or an element in a statistical or mathematical model that is not observed or recorded.