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For Profit vs Not For Profit   Businesses and organizations differ from each based on one main aspect; purpose of operation. While most organizations operate with the aim of maximizing profitability, some organizations operate with the main aim of doing good for the society and its people. There are a number of... 
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Bank Draft vs Cheque   Cheques and bank drafts are services that are provided by a bank to its customers in order to make payments for goods and services. While they may sound similar to one another there are a number of important differences. The main difference being that a cheque is issued by the bank’s customer... 
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Coinsurance vs Deductible   Coinsurance and deductible are payments made by a patient towards the cost of a medical bill under a medical insurance policy. These payments require the patient to share the cost of the medical bill with their insurance company, as insurance companies in certain countries do not cover... 
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Copay vs Coinsurance   Health or medical insurance is an insurance coverage that is purchased for the purpose of providing protection and coverage against health related risks. Medical insurance is unique insurance cover with its own terminology and unique structure. Medical insurance does not cover 100% of the... 
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Copay vs Deductible   Health insurance offers a patient coverage against the costs of medical expenses. However, health insurance policy in certain countries such as the United States does not cover 100% of the patient’s bill and requires the patient to make a contribution as well. There are a number of methods... 
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Deductible vs Out of Pocket Maximum   Medical insurance policies usually do not cover total medical costs. There are a number of mechanisms that insurance companies use in order to share the burden of payments with the patient. In this article, we take a closer look at two terms that are related to medical insurance;... 
Difference Between Ordinary Annuity and Annuity Due
Ordinary Annuity vs Annuity Due   An annuity is a number of payments that may be paid or received by an individual. Annuities are equal amounts that are paid or received over a set period. Examples of annuities include mortgage payments, rent payments, insurance premiums, salaries, retirement benefits, etc. There... 
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Flat vs Round Character   Writers make use of characterization to develop their characters along certain lines. They can have a protagonist, antagonist, round character, flat character, a static character, a dynamic character, and so on. This is done mostly to fulfill different requirements of a narrative or fiction... 
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Camber vs Rocker   Rocker and camber are the terms associated with the shape of a skateboard, ski, or kayak. If you look at the shape of a ski or a snowboard form side, you find that its shape is such that it is curved, and the board does not touch the ground at the centre but at the tip and the tail with a convex... 
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Rosewood vs Maple for Guitars   Guitar is one musical instrument that is stringed and produces sound that is dependent upon the wood that is used to manufacture the board and the neck. Many a time, the body and the neck are made with the same wood but often there are different woods used to manufacture these parts.... 
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Roosevelt vs Wilson   Roosevelt and Wilson are two towering personalities in the history of modern America both of whom became the President of the US and served for two terms each. While both were Progressive Presidents, they had different paths in their minds, and both espoused different approaches or methods... 
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Began vs Begun   Language is a complex network of different tenses and it is imperative that these tenses are used correctly in the correct context. However, when it comes to some verbs, it is extremely difficult to discern the difference between one tense from the other. Began and begun are two such words that... 
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FII vs QFI   Foreign investment is the process in which an investor from one country makes an investment in the stock markets of another country. Foreign investments are beneficial to a country as it brings an inflow of capital, thereby fuelling expansion, investment, employment and bringing about economic development.... 
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Rollover IRA vs Roth IRA   IRA stands for Individual Retirement Accounts, which are special investment accounts that are designed specifically for individuals who wish to build a retirement fund and manage their investment portfolio. There are a number of different types of IRA including traditional IRA, rollover... 
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Recourse vs Non-Recourse Debt   When a bank or financial institution grants loans they require an asset to be pledged as collateral for the loan, which usually is the asset or property that the loan funds were utilized to purchase. The collateral that is pledged to the bank is used by the bank to recover any losses... 
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Deductible vs Premium   An insurance policy is a contract that is signed between two parties; the insurer and insured in which the insured will pay a fee to the insurer who will in return promise to pay for any loss covered in the insurance policy. Insurance policies are taken out by businesses and individuals... 
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