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CNA CNA PARAMOUNT First Party Glossary of Defined Terms This First Party Glossary of Defined Terms applies to the Business Property Coverage Part and the Business Crime Coverage Part, as applicable, and their associated forms and endorsements. For purposes of this Policy, words in bold, whether expressed in the singular or the plural, have the meaning shown below. Actor Decision Act or decision means any act or decision, whether intentional or negligent, including the failure to act or decide, of any person, group, organization or governmental body which creates or allows a result which is unexpected, inadequate, defective, faulty or otherwise unsuitable for the intended purpose. Actual Cash Value Actual cash value means the replacement cost with deduction for depreciation, deterioration and obsolescence which amount is computed as of the time and at the place of loss or damage. Alteration Alteration means the material modification of an original document by a person acting without authority and with the intent to deceive. Alteration does not include the electronic or manual insertion of any personal identification code, including personal identification numbers or password or a counterfeit. Banking Premises Banking premises means the interior of that portion of any building occupied by a financial institution. Bonus Payment Bonus payment means the unamortized amount, other than rent or security, which the Named Insured paid to acquire the Named Insured's lease and that will not be refunded to the Named Insured. Building Building means a building or structure, including completed additions, additions under construction and alterations and repairs to such building or structure that the Named Insured owns, occupies or is legally or contractually required to insure. N O O O Business Income Business income means net income, including rental value, plus continuing operating expenses. Business income does not include research and development business income. Client Client means a third party for whom the Named Insured performs specified professional services for a fee. Computer Fraud Computer fraud means theft of money, securities and other property following and directly related to the use of any computer to fraudulently cause a transfer of that property to a person who is not an employee or to an account of any financial institution not controlled by the Named Insured. CNA62641XX 10-15 Copyright CNA All Rights Reserved. HORaN RiskMmRgzmerdDivisian REVIEWED & APPROVED BY.- o z Risk Management Analyst