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A Clause in a Debt Contract Requiring That the Borrower

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A clause in a debt contract requiring that the borrower purchase insurance against loss of the asset financed with the loan is called a


Definitions:

Harmonized Sales Tax

A combined tax that includes both federal and provincial sales taxes, applied to the purchase of goods and services.

Price Tags

Labels or stickers on merchandise displaying the price of the item.

Implied Value

The estimated value of an asset or company after considering factors not directly stated but suggested by available information.

Annual Dues

Annual dues are yearly fees paid by members to belong to an organization, club, or group, often providing access to benefits or services.

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