Examlex
This is a private sector, membership organization that attempts to promote the interests of tourism on a global basis.
Straight Life Insurance
Insurance that requires the payment of premiums throughout the life of the insured and pays the beneficiary the face value of the policy upon the insured’s death.
Face Value
The nominal or original value printed on a security or financial instrument, such as a bond or stock certificate.
Lapse Policy
A situation where an insurance policy becomes inactive because premiums have not been paid.
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