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Defined event

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Defined event
The definition applicable to the trigger of a loss in an insurance policy, particularly political risk insurance.


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FirstWatch is an early warning syndromic surveillance system designed to monitor real time critical public health data sources such as public safety 911, paramedic field data systems, hospital ED and other key data sources for abnormalities that may indicate a stealth biological attack, emerging public health threat or other significant user defined event.
The loan is to be repaid after three years, unless converted into equity by the lenders or a defined event triggering early repayment is met, and it bears interest at a rate of ten percent per annum.
Once there is an exception to the defined event, Vigilance's solution notifies in real-time all affected members of the community via the Internet or any wireless device.
 
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