Examlex
If there is much employee participation in decision making, the organization structure is decentralized, regardless of the nature of the decisions being made.
Insured Person
An individual or entity covered under an insurance policy and eligible to receive benefits in case of a specific loss.
Nonpayment
The failure to fulfil a financial obligation, such as not making a required payment to a lender or vendor by the due date.
Insurance Company
A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.
Insured Party
An individual or entity that is covered under an insurance policy and is entitled to receive compensation for loss, damage, or liability.
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