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A LITTLE SOMETHING WORTH KNOWING

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Everyday LifeOne small ahaFinancial concept

This term names the portion of a covered insurance loss that the policyholder bears under the contract before the insurer's applicable payment.

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Everyday LifeOne small aha
Your new ahaInsurance deductible

A deductible differs from the premium paid to obtain coverage. Source: Insurance deductible ↗

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More from Money Sense

A few more worth knowing.

  1. 15These securities give an investor part ownership of a company, rather than making them a creditor.RECALL
  2. 16These debt securities let investors lend to an issuer under terms covering interest and repayment.RECALL
  3. 17These pooled investment funds, in their usual US open-end form, let investors buy and redeem shares at the next calculated net asset value.RECALL
    Mutual FundsOpen this card ↗