Examlex
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Insurance
A financial product that provides protection against financial losses in exchange for premium payments, covering risks such as accident, illness, or property damage.
Meaning
The significance or interpretation of a word, phrase, sentence, or symbol.
Bonding
The process of creating a secure financial guarantee, typically via a bond, that protects against losses from failure to meet contractual obligations or perform duties.
Fidelity Bond
A form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals, often employees.
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