Loss Frequency Is Defined as the

question 26

Multiple Choice

Loss frequency is defined as the

• A)probable size of the losses that may occur during some period.
• B)probable number of losses that may occur during some period.
• C)probability that any particular piece of property may be totally destroyed.
• D)probability that a liability judgment may exceed a firm's net worth.

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Definitions:

Debt Transactions

Financial operations involving the borrowing and lending of funds, where repayment is required, often with interest.

Conventional

Pertaining to widely accepted standards or methods.

Use

The act of employing something for a particular purpose.

Mortgages

Loans used to purchase a property, where the property itself serves as security against the loan.