Choose the One Most Appropriate Answer for Each

question 60

Multiple Choice

Choose the one most appropriate answer for each.
-the amount of money paid for insurance coverage

• A)all-risks policy
• B)actual cash value
• C)broad form (HO-2)
• D)endorsement
• E)flood insurance
• F)form HO-4
• G)form HO-6
• H)homeowner policy
• I)homeowner's warranty
• J)inflation guard
• K)insurable interest
• L)insurance premium
• M)insured
• N)medical payments
• O)new for old
• P)old for old
• Q)peril
• R)public liability
• S)tenant's policy
• T)worker's compensation policy

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Definitions:

Call's Value

Represents the price of an option to buy a particular stock or asset at a set price within a specific time frame.

ESOs

Employee Stock Options; the right granted to employees to buy a set amount of company shares at a fixed price.

Job Leaving

This refers to the act of an employee voluntarily terminating their employment with a company.

American Call Option

An option contract that allows the holder to buy an asset at a specific price before or at the expiration of the option.