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Which of the following equations is incorrect?
Frequency
The rate at which a repeated event occurs, such as the number of waves that pass a fixed point in a specific amount of time in the context of physics, or the regularity of an occurrence in general terms.
Potential Loss
The possibility of financial detriment or damage in the future.
Property Insurance Policy
A contract that provides financial reimbursement to the owner or renter of a structure and its contents, in case of damage or theft.
Premiums
Regular payments made to an insurance company in exchange for coverage.
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