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What is the Gold Offered Forward Rate (GOFO) ?
Co-insurance Clause
A provision in insurance policies that requires the policyholder to bear a portion of the costs of a claim, encouraging insured parties to not underinsure their assets.
Fireproof
A property or material that is resistant to or capable of withstanding damage from fire.
Insured
The individual or entity covered under an insurance policy and protected against specified risks or losses.
Just-In-Time
A management strategy that aligns raw-material orders from suppliers directly with production schedules to reduce inventory costs.
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