A few key words and phrases were defined for use in the Monograph
A financial or personal security system (security system) is a private or governmental arrangement that is intended to offer a means to mitigate the impact of unfavorable outcomes on some or all of the members of an at-risk group through advance risk transfer
Uncertainty about the future affects everyone These systems or mechanisms have been developed to address concerns over the uncertainty of future events that could have a negative personal or financial impact
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