Examlex
One major advantage of a behaviorally anchored rating scale is that
Coinsurance Clause
A provision in insurance policies requiring the policyholder to bear a portion of the costs of a claim, encouraging insured parties to avoid excessive claims.
Replacement Value
The cost to replace an asset or property at its current value, without deduction for depreciation, at the time of loss.
Indemnity
A legal principle involving security or protection against financial liability or loss.
False Statements
Deliberately untrue assertions made by someone, which can sometimes be a legal offence if made in certain contexts.
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