Examlex
What derogatory term did Theodore Roosevelt use to describe the behavior of reporters who focused on the carnal underbelly of politics rather than its more lofty pursuits?
Expected Loss
The anticipated amount of loss a party might suffer in an investment or venture, taking into account the likelihood of various outcomes.
Probability
The likelihood of a particular event happening.
Moral Hazard
A situation in which one party engages in risky behavior or fails to act in good faith because another party bears the consequences or costs.
Taxi Driver
An individual who operates a car for hire to transport passengers as a profession.
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