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________ is a demand for acceptance or payment of an instrument made upon the maker, acceptor, drawee, or other payer by or on behalf of the holder.
Financial Risk
The possibility of losing money on an investment or business venture, including the risk of not achieving expected financial returns.
Mitigate
To make less severe, serious, or painful; often used in the context of reducing risk or harm.
Defined Benefit Plan
A type of pension plan where the employer promises a specified pension payment upon retirement, based on an employee's earnings history, tenure of service, and age.
Defined Contribution Plan
A type of retirement plan where the amount contributed to the plan is specified, but the benefit received at retirement depends on the plan's investment performance.
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