Examlex
What is the small subset of the population from whom you collect data called?
Lapse
The termination or expiration of a legal right, policy, or agreement due to the passage of time or inaction.
Rescission
The act of unilaterally terminating a contract and returning all parties involved to the positions they were in prior to entering the contract.
Pre-Approved
Describes a preliminary endorsement, often in the context of finance, indicating eligibility for certain benefits or offers without final authorization.
Death Benefit
A sum of money paid by an insurance policy or retirement plan to the beneficiary upon the death of the insured person or plan holder.
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