Examlex
Determine which answer best describes the sequence.
Insurance
A financial product that provides protection against potential future losses or damages.
Financial Leases
Financial leases are long-term leases in which the lessee is responsible for maintenance, taxes, and insurance, essentially treating the leased asset as if it were owned.
Cancellable
Refers to an agreement or financial instrument that can be terminated or voided by either party under predefined conditions.
Penalty
A punishment imposed for breaking a law, rule, or contract.
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