Collision Protection Pays for Damage to

question 38

Multiple Choice

Collision protection pays for damage to

• A)non-auto property of insured.
• B)auto of insured.
• C)all autos in accident.
• D)auto of other party in accident.
• E)non-auto property of others damaged in accident.

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Definitions:

Stockholder's Equity

What remains of a corporation's assets after liabilities are accounted for, denoting the interest of owners.

Long Term

Referring to assets, liabilities, or investments expected to last, or commitments expected to be active, for more than one year.

Treasury Bonds

Long-term government bonds issued by the U.S. Department of the Treasury, known for their safety and used by investors to diversify portfolios.

Interest Revenue

Income earned by a company from investments it has made in bonds, loans, or other interest-bearing assets.