Agreement in which some terms are yet to be carried out. The contract is still not fully completed....

A home seller and a home buyer agreed upon a fair market value and the deal is off to closing the sale. One of the next steps is running a title search. But what is a title search? The best title search definition would be something like an investigation concerning the title records of a prop...

Life insurance payment issued after the insured has been disabled for at least six months. One percent of the face value of the policy is paid the insured as a monthly income benefit and premiums are waived for the duration of the disability. A disability income rider can be attached to an ordinary ...

Insurance company that puts together a consortium of insurance and reinsurance companies to provide an adequate financial base with sufficient underwriting capacity to insure large risks. Usually the lead insurer will take a large percentage of the risk for its own account....