Examlex
State law determines the status of all parties obtaining insurance.
Interest Income
Earnings received from deposit accounts like savings or money market accounts, certificates of deposit, or income from bonds and loans made to others, calculated as a percentage of the principal amount.
Laissez-Faire
An economic philosophy of free-market capitalism that opposes government intervention.
Socialist
A person who advocates for or supports the political and economic theory of socialism, which emphasizes public or community ownership and administration of the means of production and distribution of goods.
Utopian
Relating to an imagined perfect society where everything is ideal, often used to describe unrealistic or idealized concepts for societal organization.
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