Pre Foreclosure Pre Foreclosure is a formal notice from the lender indicating that the foreclosure procedure has started after a household fails on its loan repayments.
Utilitarian philosophy Utilitarian philosophy is a set of moral principles focusing on the greatest goods for the largest number of people.
Mortal philosophy Mortal philosophy is the set of principles that dictate acceptable behavior; learned form family, friends, co-workers, and other social
Ultimate net loss Ultimate net loss is the total amount that the insurer is legally obligated to pay in a commercial umbrella policy.
Stop-loss limit Stop-loss limit is a modification of the coinsurance provision in major medical plans that places a dollar limit on the maximum amount that
Other-than-collision loss Other-than-collision loss is a part of the coverage available under Part D: Coverage for Damage to Your Auto in the personal auto policy.
All physical damage losses to an insured vehicle are covered except
Loss ratio method of rating Loss ratio method of rating is a rating system in property and casualty insurance by which the actual loss ratio is compared with the
Loss reserve Loss reserve is an amount set aside by property and casualty insurers for claims reported and adjusted but not yet paid, claims reported and
Loss frequency Loss frequency means the probable number of losses that may occur during some given time period.
Loss ratio Loss ratio refers the ratio of incurred losses and loss adjustment expenses to earned premiums.
Definition
[ n.]