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A policy holder is the individual or business that buys the insurance policy.
Your policy period refers to the time between the beginning and expiry of your policy.
A Bear Market is a declining financial market
Fair market value - The price a willing buyer would pay a willing seller if neither was under any compulsion to buy or sell. It is the standard at which property is valued for a deemed disposition.
TSFA is an abbreviation for Tax-Free Savings Account. Learn more here.