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20 Cards in this Set
- Front
- Back
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pure risk
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a chance of loss with no chance for gain
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speculative risk
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may result in either gain or loss and are not accidental or random
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economic risk
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may result in gain or loss because of changing economic conditions
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insurance
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method for spreading indvidual risk among a large group of people to make loses more affordable for all
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insurable risk
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a pure risk that is faced by a large number of people and for which the amount of the loss can be predicted
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pure risk
|
a chance of loss with no chance for gain
|
|
|
speculative risk
|
may result in either gain or loss and are not accidental or random
|
|
|
economic risk
|
may result in gain or loss because of changing economic conditions
|
|
|
insurance
|
method for spreading indvidual risk among a large group of people to make loses more affordable for all
|
|
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insurable interest
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a pure risk that is faced by a large number of people and for which the amount of the loss can be predicted
|
|
|
pure risk
|
a chance of loss with no chance for gain
|
|
|
speculative risk
|
may result in either gain or loss and are not accidental or random
|
|
|
economic risk
|
may result in gain or loss because of changing economic conditions
|
|
|
insurance
|
method for spreading indvidual risk among a large group of people to make loses more affordable for all
|
|
|
insurable interest
|
a pure risk that is faced by a large number of people and for which the amount of the loss can be predicted
|
|
|
pure risk
|
a chance of loss with no chance for gain
|
|
|
speculative risk
|
may result in either gain or loss and are not accidental or random
|
|
|
economic risk
|
may result in gain or loss because of changing economic conditions
|
|
|
insurance
|
method for spreading indvidual risk among a large group of people to make loses more affordable for all
|
|
|
insurable interest
|
a pure risk that is faced by a large number of people and for which the amount of the loss can be predicted
|
