Economy, asked by kenexpojar, 4 months ago

Q19.
promises to pay a certain
amount of money to the owner or
beneficiary of the asset if there is a
monetary loss due to an uncertain event.
O Mortgage
O Lottery
O Mutual Funds
OInsurance

Answers

Answered by nandikaverma03

Answer:

insurance

Explanation:

insurance is tha an

Answered by Iammanjula

Answer:

When there is a promise between the parties on an agreement to pay a certain amount of money to the owner or beneficiary of the assets if there is monetary loss due to a certain event is termed as INSURANCE.

Explanation:

Insurance is a better way to manage the risk a person. When a particular person purchases insurance against any uncertain events which affect the person financially, physically, or mentally then that particular type of insurance will help to cover it up.

People have to buy insurance on a premium basis per month or year and the insurance company will cover that risk for that particular year or month.

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