Examlex
As a business owner,if you need individualized advice from experienced executives on how to manage your business,you can get it through the Service Corps of Retired Executives (SCORE).
Insurable Interest
A principle that requires an individual to have a stake in the safety or preservation of the insured object against loss or damage.
Financial Benefit
An economic advantage or gain received, such as income, dividends, or appreciation in asset value.
Fair Market Value
Fair market value is the price at which a willing buyer and a willing seller, both having reasonable knowledge of the relevant facts, would engage in a transaction.
Moral Hazard
The possibility that individuals who are insulated from risk sometimes behave differently than they would if not insulated.
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