Examlex
Probation and parole are two types of community-based corrections.
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.
Insurable Interest
A stake in the value of an entity or event for which insurance coverage can be purchased to protect against loss.
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