Collision and Comprehensive Coverage Is Optional in Most Provinces with the Possible

question 53

True/False

Collision and comprehensive coverage is optional in most provinces with the possible exception that you are financing your car and it is required by the lender.

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Definitions:

Outstanding Shares

The total number of shares of a corporation's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares.

Issued Shares

Shares of a company that have been allocated and are currently held by shareholders.

Common Stock

Shares representing ownership in a company, giving holders voting rights and a share in the company's profits via dividends.

Revenue Realized

Income that a company has earned and received payment for, typically from sales of goods or services.