RIBO Definitions - Study guides, Class notes & Summaries

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RIBO Definitions 123 Questions with 100% Correct Answers | Verified | Latest Update
  • Exam (elaborations)

    RIBO Definitions 123 Questions with 100% Correct Answers | Verified | Latest Update

  • INSURANCE - ️️The undertaking by one person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of the insurance may be exposed, or to pay a sum of money or other thing of value upon the happening of a certain event OR Sharing of the losses of a few people among the many who pay premiums SPECULATIVE RISK - ️️A chance of loss but there is also a chance of profit, and because of the chance of profit these are uninsurab...
  • jacklineshee00
    $8.49 More Info
RIBO Definitions (All Accurate 100%)
  • Exam (elaborations)

    RIBO Definitions (All Accurate 100%)

  • INSURANCE correct answers The undertaking by one person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of the insurance may be exposed, or to pay a sum of money or other thing of value upon the happening of a certain event OR Sharing of the losses of a few people among the many who pay premiums SPECULATIVE RISK correct answers A chance of loss but there is also a chance of profit, and because of the chance of profit the...
  • SirAnton
    $11.96 More Info
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