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A major cognitive advance made during the sensorimotor stage is the ability to
Lost Profits
Income that a business does not receive due to disruptions, such as breaches of contracts or other damages, which could have been earned if the disruption had not occurred.
Property Insurance
A type of insurance policy that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft.
Actual Value
The true or fair market value of an asset or property.
High Premium
An insurance policy or financial product cost that is significantly above average, often reflecting higher risk or greater coverage.
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