Examlex
The Automatic options insert a table of contents made up of the first three levels of document headings, in a predefined format.
Insurance Monies
Funds paid out by insurance companies to policyholders in the event of a claim for loss or damage covered by a policy.
Adverse Selection
A situation in markets where buyers or sellers have information that other participants do not have, leading to an inefficient transaction outcome.
Asymmetric Information
A situation in which one party in a transaction has more or superior information compared to another.
Lemons
In economics, refers to a lower-quality product that is difficult to distinguish from higher-quality products before purchase, notably used in a market context where there is information asymmetry between buyers and sellers.
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