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Match the Term with Its Definition

Question 86

Multiple Choice

Match the term with its definition.
-An insurance term that refers to the depreciated value of property


A) actual cash value (ACV)
B) commercial general liability (CGL) insurance
C) direct loss
D) disability buyout insurance
E) disability insurance
F) indirect loss
G) loss avoidance
H) loss prevention
I) loss reduction
J) replacement value of property

Correct Answer:

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