Sales

{
  "id": "MLC-T-INS-003012",
  "term": "Sales",
  "field": "Insurance and risk management",
  "definition": "The total gross revenue generated by a business from its operations, used as a primary exposure base for calculating premiums for certain types of liability insurance. For general liability or products-completed operations coverage, the premium is determined by applying a rate per $1,000 of projected sales. At the end of the policy period, the premium is adjusted based on an audit of the actual sales figures.",
  "url": "https://mlchart.com/terminology/insurance/sales/"
}