Examlex
Which of the following criterion is NOT a characteristic of the best incentive plans?
Original Owner
The first individual or entity to possess an item or property, having lawful claim from the time of acquisition.
Security Interest
A legal claim or lien on collateral that has been pledged, usually to obtain a loan, that gives the lender a right to repossession if the loan is not repaid as agreed.
Insurable Interest
The requirement that a person stands to suffer a financial loss or certain other kinds of losses if the insured event occurs.
Retains
implies holding onto or keeping in possession, often used in legal and financial contexts to describe holding onto services, rights, or properties.
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