Examlex
A recession is a period of time in which the total output of the economy falls.
Identification
The act of identifying or confirming the identity of an individual or object.
Risk of Loss
The potential for an investment or venture to result in financial loss, a fundamental consideration in finance and insurance.
Sales Contract
A legal agreement between a buyer and seller detailing the terms and conditions of a sale of goods or services.
Insurance Coverage
A contractual agreement where an insurer agrees to compensate the insured for specific losses or damages in exchange for premiums paid.
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