Key Person Insurance, Keying, Key Word

Key Person Insurance, Keying, Key Word :

Key Person Insurance : the assurance that is advanced in case of loss of the services of an important person in a business. The purpose of such assurance is to compensate the survivors for the decrease in their investment value due to the loss of the insured person’s services or it may act towards providing a steady flow of cash in the business in order to keep it operational during the adjustment period

Keying : the practise that is followed to link a variable to a standard such as to link a wage or an increase of price in a contract to the consumer price index : the code printed on a coupon that is attached to a flyer, mailer or a space advertisement for linking the response to the source

Key Word : a word a group of words forming a part of a programme or formula, indicative of the action to be performed

Key Person Insurance

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