Match the Term with Its Definition

question 45

Essay

Match the term with its definition.Some terms may not be used
a.Business interruption insurance
b.Business owner's policy
c.Combined public liability insurance
d.Disability insurance
e.Funds transfer fraud
f.Key-person life insurance
g.Package policy
h.Personnel risks
i.Proximate cause
j.Reasonable standard
k.Employers liability insurance
-Coverage that provides benefits to a business upon the death of key personnel.

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Definitions:

Financial Institution

An establishment that focuses on dealing with financial transactions, such as investments, loans, and deposits.

Security Interest

A legal claim or right granted over assets as collateral for the performance of an obligation or repayment of a debt.

Caveat Emptor

A Latin phrase meaning "let the buyer beware," indicating that the buyer assumes the risk for the quality and condition of goods purchased unless they are protected by warranty.

Disclosures

The act of making known to the public or to relevant parties important information, often related to financial data or operational details, required by law or regulation.