Examlex
Financing wartime expenditures by increasing internally held public debt permits a nation to defer a part
of the economic cost of war.
Risk-Averse
Risk-averse describes individuals or entities that prefer to avoid risk and would rather choose a certain outcome over a gamble with potentially higher, but uncertain, rewards.
Expected Value
The anticipated value for an investment or probability-weighted average of all possible values in a probabilistic scenario.
Total Wealth
The complete sum of an individual's or entity's assets and resources, including both tangible and intangible assets, subtracting any debts owed.
Insurance
A financial product that provides protection against potential financial losses or liabilities in exchange for a premium payment.
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