Examlex
How can videorecording be used?
Insurance Premium
The payment made to an insurance company for coverage, which usually occurs on a regular basis, such as monthly or annually.
Risk-Averse
Refers to the preference of individuals or organizations to avoid risks and opt for the most certain outcome.
Risk Aversion
The preference to avoid uncertainty and risky situations, often influencing economic and financial decisions.
Adverse Selection
The case in which an individual knows more about the way things are than other people do. Adverse selection problems can lead to market problems: private information leads buyers to expect hidden problems in items offered for sale, leading to low prices and the best items being kept off the market.
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