Briefly Explain What Is Meant by Cap and Trade

question 4

Essay

Briefly explain what is meant by cap and trade. What is its status in Congress and in the states?

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Definitions:

Life Insurance

A financial product that provides a payout to the beneficiaries upon the death of the insured.

Drug Test

A drug test is a technical analysis of a biological specimen that's used to detect the presence or absence of specified parent drugs or their metabolites.

Moral Hazard

Moral hazard occurs when there is a lack of incentive to guard against risk where one is protected from its consequences, often after entering into a contract or agreement.

Deductible

The amount paid out of pocket by the policyholder before an insurance company covers a claim.