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Describe the insurable interests required in life and property insurance.
Unrealized Holding
Gains or losses on investments that have not yet been sold and so are not yet reflected in the income statement.
Debt Securities
Financial instruments representing money borrowed that must be repaid, which include bonds, notes, and bills.
Net Income
The total earnings of a company after all expenses and taxes have been deducted from revenue, a key indicator of financial health.
Consolidation
The process of combining the financial statements of several departments or subsidiaries into a single set of statements for the entire entity.
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