Mortality-table based cost calculated in life insurance policies. The policy’s face amount times the mortality likelihood, the chance that the policy will be paid out as a claim when the insured dies

Categorized by age and other factor like occupation is data gathered on the rate of death among groups of people by insurance companies.

Expected mortality minus actual mortality experienced is this specific number.

Usually included as an attachment as a part of an insurance policy, this type of provision makes an insurance claim payable to both a policy holder, as the mortgagor, as well as

Length of a mortgage, typically in years, unless some principal pre-payment occurs. For an asset that is not property, it can be the number of years until an investor receives the initial

Mortgage interest paid is tax deductible. Monies paid above principal for providing the loan to purchase the borrower’s home. Paid by a home mortgage borrower to the mortgage lender.

Mortgage lenders protection policy for default events. Government agencies often require mortgage insurance as part of a loan agreement. The borrower/mortgagor buys it. Also refer to mortgage redemption insurance.

no matter the changes to the mortality rate the annuitant will receive an income for life based on this specific type of clause.

Carrying both a higher risk and a higher yield as it is not secured by the issuer to its full amount, a local, state, or federal government carries this type of bond

Mortgage borrower relief option to alter mortgage contract terms. Primarily for borrowers unable to make the mortgage payments under original mortgage contract terms. Refinancing or extending loan terms to reduce the monthly

Throughout the accounting period on the balance sheet principal interest payment transactions are recorded. The balance is transferred to the next accounting year if the principal is unpaid at the end of

Optional insurance coverage in case a home buyer becomes financially unable to continue making mortgage payments. The lender or borrower may purchase this to cover mortgage payments.

Originator or initiator of an asset backed security (ABS). Typically a business, bank, or individual. This entity can also transfer assets to the issuer directly or indirectly by monetizing and selling mortgage

Supply contract’s price protection clause that states the seller must offer the same price to all customers including the contracting customer.

1. In Investing, this is a CFA Institute recognized method, a valid corporation-value analysis method, using both public and non-public data and using both material and non-material sources. Based on information gathered,

Borrowers seeking to buy a home use this money-source entity for loans.

1. In Law, this is why one committed the crime, the inducement, reason, or willful desire and purpose behind the commission of an offense. Whether the purpose was good, like helping someone

When an individual or family relocates for a new job or job transfer, this tax deduction is applicable. The expenses must be well documented with receipts. Packing, shipping, moving, storage, and transportation

State of a house or property ready for immediate occupancy. In this condition a property must meet all city or governing municipality requirements as a habitable dwelling. Operable plumbing, electricity, locking doors

Truck-transported commercial, manufacturing, governmental, or residential goods to their destination, be it a retail outlet or to an individual customer. This excludes rail or air transport.