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When a constructor has a member initialization list, the initializations take place
Deductible
The amount paid out of pocket by the policyholder before an insurance company covers a claim.
Full Replacement Value
An insurance term referring to the amount necessary to replace damaged or lost property with new items of like kind and quality without deducting for depreciation.
Moral Hazard
A situation where one party in a transaction has the opportunity to take risks because they know they will not have to bear all the consequences.
Best Interest
A consideration that prioritizes the well-being or advantage of a person or group.
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