The sum of money paid by a policy-holder to an insurer is...
The sum of money paid by a policy-holder to an insurer is referred to as?
interest
premium
gross profit
sales revenue
Correct answer is B
In insurance, a premium is the amount of money an individual or business must pay for an insurance policy.
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A bill holder wishing to dispose of his bills before maturity would be paid? ...
When a bill is paid before its date at a lesser value, it is? ...
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The document lodged with the customs authorities before a ship can leave the port is a ...