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This is a provision that specifies the conditions under which protection for cleanup costs are paid by the insurer.Because of large potential liabilities, coverage is narrowly defined as those situations caused by a covered loss, and only for losses at the described premises.The amount of available protection is also limited.Identify this additional coverage in building and personal property coverage form.
Calculate Interest
Determining the cost of borrowing money or the profit from lending money, based on the principal sum, rate, and time.
Adjustment
An accounting entry made into a journal that is used to record changes in account balances.
Financial Statement
A formal record of the financial activities and position of a business, person, or other entity, presenting the financial results over a specific period.
Normal Balance
The side (debit or credit) of an account on which increases to the account are recorded, depending on the account type.
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