Examlex
The NEC defines a(n) ____ as one who has skills and knowledge related to the construction and operation of the electrical equipment and installations and has received safety training to recognize and avoid the hazards involved.
Deductibles
Deductibles are the amount paid out of pocket by the policyholder before an insurance provider pays any expenses.
Moral Hazard
The risk that one party to a contract can change their behavior to the detriment of the other party once the contract has been executed.
Asymmetric Information
A situation where one party in a transaction has more or superior information compared to another.
Defective
Pertaining to a product or thing having flaws, faults, or imperfections.
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