Which of the following is a situation where there is a possibility of either a loss or a gain?

Which of the following is a situation where there is a possibility of either a loss or a gain? 


A) Hazard
B) Pure risk
C) Speculative risk
D) Peril


Answer: C) Speculative risk

Popular posts from this blog

You are riding in Sarah's car when she fails to yield and causes an accident. Which of the following coverages would NOT pay for your injuries?