Meaning of the word: Regress
Regress is sanctioning, awarded by the insurance company. The insurance company shall be entitled to repayment of part or the whole of the insurance in case that the client has violated the conditions and it leads to magnification of the insured event. For example if the driver caused a car accident while drunk.
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FROM DICTIONARY
Posting period
Clearing period is the period, when regular clearing is carried out. For example mobile network tarifs are usually clearing every mouth, so the…
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