When You Have a Homeowner's Loss,you Should Not

question 133

Multiple Choice

When you have a homeowner's loss,you should not

• A)contact your insurance agent.
• B)file a report with the police or other appropriate agency.
• C)make permanent repairs until the insurance company has inspected the premises.
• D)videotape or photograph the damage.

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Definitions:

Market Price

The prevailing transaction price for an asset or service.

Securities

Securities are financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Seasoned Offering

Refers to the issuance of additional securities by a company that has previously issued securities to the public and is therefore considered a more established issuer.

Stock Price

The going rate for buying or selling a single share of a firm's stock in the marketplace.