Expense

Definition of "Expense"

Cost of doing business, not including pure expectation of loss.

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Unrealized Gain

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Agreement signed by both parties that meets the requirements of state law and is therefore in force. ...

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A guarantee of the performance of a contractor. In general, contract bonds are used to guarantee tha ...

Lightning

Discharge of electricity from the atmosphere, one of the perils covered in most fire insurance polic ...

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