The story was based on a 1927 crime perpetrated by a married Queens woman and her lover. Ruth Snyder persuaded her boyfriend, Judd Gray, to kill her husband Albert after having her spouse take out a big insurance policy”with a double-indemnity clause. The murderers were quickly identified and arrested.
The term double indemnity refers to a clause in certain life insurance policies where the insuring company agrees to pay twice the standard amount in cases of accidental death.
Some other GRE words related to money include:
Let’s try some example sentences:
According to the IRS, “a taxpayer may elect to amortize start-up expenditures (as defined in section 195(c)(1)). A taxpayer who elects to amortize start-up expenditures must, at the time of the election, select an amortization period of not less than 60 months.”
While virtually all accounting is now done on computers, accountants can still go to jail for falsifying ledgers, especially to cover up their own or executives’ sybaritic lifestyles, as funded by stockholders: no one adds your company’s stock to his portfolio in order to pay for your massage-and-bourbon habit.