Examlex
The more standardized the work, the wider the span of control.
Beneficiary
A legal term referring to an individual or entity entitled to receive benefits or assets under the terms and provisions of a will, trust, insurance policy, or other contract.
Ownership Interest
A person's or entity's legal rights and claims to an asset, reflecting the degree of ownership and entitlement to the benefits that come with the asset.
Property Insurance Policy
A policy that provides financial reimbursement to the owner or renter of a structure and its contents in case of damage or theft.
Covered Peril
Refers to a specific risk or cause of loss protected against in an insurance policy.
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