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Insurable interest

Definition:

An insurance term referring to the relationship between a policy's insured person or property and the potential beneficiary. The beneficiary must have an insurable interest in the insured person or property to receive payment of the policy if the insured died while the policy was in force.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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A portfolio consisting of all assets available to investors, with each asset held in proportion to its market value relative to the total market value of all assets.

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