An endorsement found in an insurance plan which modifies the provisions of the policy is called rider
<h3>
What’s an insurance endorsement?</h3>
- An endorsement is a term used to denote a policy document update. An endorsement is often known as a "Addendum."
- Its goal is to document any changes to the initial terms of the insurance in order to reflect the parties' negotiated agreement.
- An endorsement can be linked to the policy or contained in the policy statement, usually near the end.
- It can be used to amend the terms of a conventional policy, in which case it will be attached from the start of the cover
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The correct answer is <em>D) American firms purchasing industrial equipment from German companies</em>.
The balance of trade is the difference between a nation's exports and imports in a given period. A nation is considered to have a trade surplus when its exports exceed its imports. On the other hand, it is considered to have a trade deficit when its imports exceed its exports.
The United States currently holds a trade deficit. In this case, the purchase of German equipment represents a contribution to the total imports of the United States. Therefore, there is a growth in the trade deficit of the country.
The Vice president in my opinion is almost a second president. The vice president's main use in this century is to replace the president in a dire emergency. This is why we almost never see the VP and President together. The president is only one man and it is almost impossible for him to do everything that is needed in the time that he is alloted in office. This is why the VP has many other duties, to help and support his partner.
