Examlex
Barring some physical incapacity,long-term memory represents permanent information storage.
Partial Certainty
This refers to a scenario in business or decision-making where there is some known information, but complete certainty about outcomes is not possible, reflecting a mix of known and unknown variables.
Expected Outcome
The anticipated result of an action, decision, or event, based on current knowledge, probabilities, and reasoning.
Utility
In economics, the satisfaction or benefit derived by consuming a product or service.
Insurance Policy
A contract between an insurer and a policyholder in which the insurer agrees to compensate the policyholder for loss or damage specified in the policy, in exchange for premiums paid by the policyholder.
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