BUSINESS SEGMENT Definition

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BUSINESS SEGMENT is a component of an enterprise that (a) provides a single product or service or a group of related products and services and (b) that is subject to risks and returns that are different from those of other business segments.

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LESSEE is the party to whom the possession of specified property has been conveyed for a period of time in return for rental payments.

MARINE INSURANCE is insurance coverage protecting against loss or damage of goods transported by sea.

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