Examlex
Briefly describe the steps involved in the research process.
Consideration
The value (such as money, a service, or a promise) that is given by one party to another in exchange for something else, forming a necessary component of a legally binding contract.
Premium
The amount paid for an insurance policy.
Peril
A specific risk or cause of loss covered by an insurance policy, such as fire, theft, or natural disaster.
Beneficiary
An individual or entity entitled to benefits or proceeds from a will, trust, insurance policy, or other contract.
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