Insurance
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What Is EBNR (Earned But Not Reported)? – Simple and Easy Explanation
EBNR refers to insurance premiums that are expected to be earned but haven’t been fully reported or finalized yet. In insurance, timing matters a lot. Premiums, claims, and contracts don’t …
Banking & Credit
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What Is Zero Liability Protection? – Simple and Easy Explanation
Safeguard your finances with Bank of America’s Zero Liability Protection, a feature designed to protect you from unauthorized transactions on your cards. Zero Liability Protection is a guarantee offered by …
Taxes
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What Is a Salary? – Simple and Easy Explanation
A salary is a fixed amount of compensation paid to an employee for work performed, usually on a weekly or monthly schedule. A salary is one of the most common …
