Meaning of the word: Participation
Participation is a supplement in the treaty, where is listed the information about the contribution to the indemnity by the insured person himself. If the damage caused by the insured, the indemnity shall be reduced just about participation. Participation is measured as a percentage, the amount ranges from 10% to 1%.
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FROM DICTIONARY
Term deposit
Term deposit is a type of bank account that guarantees the interest rate of the deposit the client. It is concluded for a specified period and at the…
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