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Please Define the Following Key Terms

question 36

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-Lateran Accords


Definitions:

Moral Hazard

The possibility that individuals who are insulated from risk sometimes behave differently than they would if not insulated.

Risk Insulation

Strategies or practices employed to protect an entity from potential financial losses or liabilities.

Risk Management

The transfer and distribution of risk.

Transfer and Distribution

The process of moving goods from one location to another and allocating them among parties or points of sale.

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