Examlex
In a pairwise comparison, two alternatives are compared according to a criterion and one is preferred.
Secure Neighborhood
An area with enhanced safety measures, possibly including gated access, security personnel, and surveillance systems, aimed at reducing crime.
Insurance Premium
The amount paid periodically to an insurance company by the insured for covering their risk.
Adverse Selection
A situation in which one party in a transaction has more or better information than the other, leading to an imbalance and potentially unfavorable outcomes.
Transaction
A business deal or exchange between two or more parties.
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