Examlex
What is the 'real exchange rate' and how is it calculated?
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Temporary Insurance
A limited-term coverage that provides immediate protection until a permanent insurance policy is issued or denied.
Actual Policy
The specific, enforceable terms and conditions of an insurance contract as it has been issued.
Binder
A binder is a temporary insurance agreement that provides coverage until a formal, permanent policy is issued, often used in property and casualty insurance scenarios.
Standardization
The process of developing and implementing technical standards to ensure the compatibility, safety, and quality of products or services.
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