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-English Channel Tunnel ("Chunnel") completed
Probationary Period
A trial period at the beginning of employment during which an employer can evaluate an employee’s performance and fit with the company.
ISO 9000
A set of international standards for quality management and quality assurance designed to help companies ensure they meet customer and other stakeholder needs.
Adverse Selection
A situation where asymmetric information leads one party in a transaction to select undesirable risks without the other party's knowledge.
Deductible
The amount paid out of pocket by the policyholder before an insurance company pays a claim.
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