Holographic Will Holographic Will is an unwitnessed handwritten legal document prepared and certified by the person who makes a will to determine...
Internal Stakeholder Internal Stakeholders, also known as Critical Stakeholders, hold the financial stakes of a company and have integral involvement in its operations and growth.
Freehold Estate When somebody owns a property for an unspecified period, they have the authority over it as a Freehold Estate. Landowner's interest off property is classed as freehold...
Holdover Tenant A Holdover Tenant stays inside the rented house after its contract ends without all the owner's express consent. These are deemed trespassers in the legal sense...
Leasehold Interest A Leasehold Interest is an agreement where a person or corporation, known as a lessee in property investment jargon, leases a block of land from either a landowner or lessor...
Backup Withholding Backup Withholding is a US taxation method issued and implemented by the Internal Revenue Service (IRS). It is used to collect taxes on income payouts...
Single-premium whole life insurance Single-premium whole life insurance is a whole life policy that provides lifetime protection with a single premium payment. Single-premium whole life insurance is a whole life policy that provides lifetime protection with a single premium payment.
Monetary threshold Monetary threshold is a term used in states with no-fault auto insurance laws. An injured motorist is not permitted to sue a negligent driver but instead collects from his or her insurer, unless the
Hold-harmless clause Hold-harmless clause written into a contract by which one party agrees to release another party from all legal liability, such as a
Current assumption whole life insurance Current assumption whole life insurance is nonparticipating whole life policy in which the cash values are based on the insurer’s current mortality, investment, and expense experience.
An accumulation account is credited with a current interest rate that
Definition
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