Examlex
The process of mating between genetically unrelated individuals is called inbreeding.
Risk Aversion
The tendency of individuals to prefer outcomes that are certain or less risky over outcomes that are uncertain, even if the uncertain outcomes might offer a greater expected return.
Income
The money received, especially on a regular basis, for work or through investments.
Fair Insurance Policy
An insurance contract that is considered equitable, offering reasonable terms, coverage, and protection for all parties involved.
Premium
The amount paid for an insurance policy or the difference above the nominal or face value of a security.
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