Examlex
What is (are) the major product(s) of the following reaction?
Premium
A sum paid periodically to the insurer by the insured for covering their risk.
Potential Loss
A hypothetical amount of money that a business or individual could lose in the future due to risks.
Risk
The potential for losing something of value or for an undesirable outcome, often assessed in decisions involving finance, safety, and health.
Known Factors
Elements or conditions that are clearly understood or recognized in a given context or analysis.
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