Absentee Owner An Absentee Owner is a person or a group who owns a property but does not live there or manage the day-to-day operation of the property.
Generation-skipping Trust A Generation-skipping Trust is a legally valid trust document where the grantor's properties are handed down to the grantor's grandchildren, thereby "skipping" the children.
Boomer Generation People who were born between the years of 1946-1964 are known as “baby boomers” and this generation is called the Boomer Generation.
Wagner act The 1935 law that made collective bargain legal and required employers to bargain with the representatives of the employees; also
Master Limited Partnership (MLP) Master Limited Partnership (MLP) is a partnership that sells units traded on a recognized stock exchange, has many advantages of a
What does it mean by owner’s equity statement The stock holder’s equity section of the balance sheet represents the investment of the ownership in the net assets of a business entity. While the claims of ...
The different ratios related to owner’s equity The owners of the firm demand growth in equity over a period of time. Growth arises from investment by the investor and additions to equity from running ...
Ownership clause Ownership clause is a provision in life insurance policies under which the policyholder possesses all contractual rights in the policy while the
National Association of Insurance Commissioners (NAIC) National Association of Insurance Commissioners (NAIC) group founded in 1871 that meets periodically to discuss industry problems and draft model laws in various areas and recommends adoption of these proposals by state legislatures. Members include the ranking
General aggregate limit General aggregate limit is in the commercial general liability policy, it is the maximum amount the insurer will pay for the sum of the following—damages under Coverage A and B, and medical expenses
Definition
[ adv. & a.]