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Under what circumstance are bureaucrats most likely to exercise discretion?
Insurance Policies
Contracts between an insurer and a policyholder, outlining the terms under which the insurer agrees to pay a benefit upon the occurrence of a specified risk or event.
Bank Interest Rates
The percentage at which interest is paid by a borrower for the use of money that they borrow from a bank.
Indemnification
Compensation for harm or loss, often part of contracts to protect against potential legal liabilities or damages.
Insurance Company
A business entity that provides financial protection or compensation to individuals or entities against losses or damages, in exchange for premium payments.
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