Examlex
Why do you think most health insurance policies require the first $100 or so of every claim and a percentage of the bill after that to be paid by the insured?
Future Price
The predicted price of a commodity, security, or currency in a futures contract for delivery and payment at a specified future date.
General Motors
A multinational corporation based in the United States that designs, manufactures, markets, and distributes vehicles and vehicle parts.
Moral Hazard
A situation where one party in an agreement can take risks because the other party bears the consequences of those risks.
Theft
The act of stealing, or unlawfully taking someone else's property without their permission with the intent to permanently deprive them of it.
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