Inherent Risk Inherent Risk is the degree of risk involved in a system that remained after the risk assessment. It denotes the possibility of any major misrepresentations in accounting...
Sheriff Sale A Sheriff's Sale is public bidding whereby potential purchasers can bid on foreclosed homes. Here, the original legal owner has been unable to fulfill their mortgage payments...
Inheritance Tax An Inheritance Tax is a tax paid by an individual who receives a deceased person’s estate, including money, properties, possessions etc.
Weather option Weather option provides a payment if a specified weather contingency (e.g., temperatures higher or lower than normal) occurs.
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
Other-insurance provisions Other-insurance provisions whose purpose is to prevent profiting from insurance and violation of the principle of indemnity when more than
Medical payments to others Medical payments to others pays for medical expenses of others under a homeowner’s policy in the event that a person (not an insured) is accidentally injured on the premises, or by the activities of
Damage to property of others Damage to property of others is a provision in Section II of a homeowner’s policy that pays up to $1000 per occurrence on behalf
Bottom fisher Bottom fisher is an investor seeking stocks that have fallen to prices at or near their bottom, which he or she believes will trend up in the
Therapeutic community Therapeutic community is a therapeutic situation in which the total social environment is seen as aiding a patient to overcome psychological disturbance