Examlex
Sales experts have identified five key personal traits that are often found in successful salespeople. List and define these five traits.
Damage
The monetary compensation required by law to be paid to an individual or entity as restitution for harm or injury they have incurred.
Indemnify
To compensate for harm or loss; in legal contexts, often involves a party agreeing to bear any losses or damages incurred by another party.
Third-party Claims
Third-party claims involve demands for compensation or legal action brought by someone who is not a direct party to a contract, usually in liability or insurance cases.
Insurance
A contract by which an insurance company, the insurer, promises to pay a sum of money or give something of value to another, either the insured or the beneficiary, to compensate for a specified loss.
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