The Clause in a Property Insurance Policy Stipulating a Minimum

question 19

Short Answer

The clause in a property insurance policy stipulating a minimum amount of coverage required in order for a claim to be paid in full is called a(n) ____________________ clause.

---

Definitions:

Variable Cost Per Unit

The cost associated with producing one additional unit of a product, which may fluctuate with production volume.

Net Present Value

A calculation used to assess the profitability of an investment or project, considering the time value of money by discounting future cash flows to the present value.

Required Rate Of Return

A minimum yearly interest rate that motivates companies or individuals to invest in a specific security or endeavor.

Strategic Options

Options for future, related business products or strategies.