The current outlay of money to guard against a potentially large future loss is commonly known as
A) asset management.
B) portfolio management.
C) minimizing risk.
D) loss control.
E) insurance.

Name: The current outlay of money to guard against a potentially large future loss is commonly known as A) asset management. B) portfolio management. C) minimizing risk. D) loss control. E) insurance.
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Question

Quizplus · Accepted Answer

Insurance involves paying a premium now to protect against significant potential losses in the future.

The Current Outlay of Money to Guard Against a Potentially