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Inefficient style is not only difficult to read but also potentially unethical when it confuses the audience.
Short-rate Refunds
A partial refund of premium on an insurance policy that has been canceled by the policyholder before its expiration, calculated using a method that is less than prorated.
Premium Rate
a higher price or cost than the standard, often for services that are considered to be of better quality or with added features.
Short Rate
The interest rate applied to the shortest duration loans or borrowings, often seen in monetary policy adjustments.
Annual Premium
The total amount paid yearly to keep an insurance policy active.
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