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Term of the Day
salvage
Sallie Mae
wreck
Definition
Property
that an
insurer
has taken over in
order
to minimize
losses
.
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Popular 'Insurance' Terms
escrow
annuity
OASDI
risk
comprehensive insurance
insurance
contingent beneficiary
coinsurance
insurance policy
insurance premium
Related Terms
wreck
Mentioned in these terms
net salvage value
salvage value
salvage vessel
salvage money
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