AUTOMATIC PROPORTIONAL REINSURANCE
Reinsurance that transfers risk. The losses and gains are split between the insurer and reinsurer. The reinsurer must pay a fee to transfer the commission.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Reinsurance that transfers risk. The losses and gains are split between the insurer and reinsurer. The reinsurer must pay a fee to transfer the commission.
When a shipment is made regularly with an automated payment. It helps with commission.
1. the time before a debt is to be paid. the figures are used to compare the best option. Refer to half life. AKA economic life.
1. a projection that shows an ojects three dimensions. The axes are oriented relative to the projected surface. 2. A 3d drawing of a building based on a floor plan. The lines
Insurance when a premium rate that uses possible future rate hikes to have a higher payment. AKA assessment insurance.
The way assessed value and market value are linked. It is used for tax purposes.
Additional reimbursement of expenses while a tenant is living outside of their residence temporarily.
How much a real estate company has available to it. It uses operation funds, amortized funds, rent, and revenue. AKA cash available for distribution or CAD.
A shortterm LINE OF CREDIT granted by an UNDERWRITER to an issuer of securities that can be drawn if the underwriter cannot successfully place the securities. The advance option thus guarantees the
Using property without owner permission. Commonly used in relation to easements and water authorities.
When property is bought by a debtor after entering a contract. Other property has already been used to secure the loan. The acquired property is safe if bankruptcy must be filed.
The cost of being an agent. AKA agency risk.
An officer who gets all the legal notices in the company. AKA registered agent.
When a foreign country asks for help financially after some crisis. There is a net inflow of foreign funds in the country.
When an airline gives a credit card for use of buying tickets.
1. in insurance it is a rule that cancels insurance if the owner sells the property. 2.in a loan it is the rule stating the asset is owned once the loan is
A room that has a kitchen and living room as well as the common bedroom and bathroom.
Separate classes of COMMON STOCK issued by a company, where each class (often denoted by a letter of the alphabet) represents a different subsidiary. Investors in an alphabet stock receive the RENT
A mortgage contract with no fixed intrest rate or installment number amounts.
An organization for investors who are individual.
This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.