Marjorie Lindsey & Karen Lindsey

Loan that combines smaller loans into one larger loan and typically arises from refinancing debt. It typically results in a lower overall interest rate, longer payment schedule, and lower dollar amount for each payment. Further, it is more convenient and easier when there is one loan rather than m...

Title deficiency that prevents a seller from successfully transferring property to a buyer. A title company may discover a title defect ( due to encumbrances against the property or failure of a former co-owner of the property to sign a deed transferring the title, etc.) in preparation for a closing...

Important 1944 U.S. Supreme Court ruling that the insurance business constituted interstate commerce and was thus subject to the SHERMAN antitrust act. This decision came in U.S. v. South-Eastern Underwriters Association, a price-fixing case, brought against a fire insurance rate-making group by the...

Insurance that offers blanket coverage up to a certain dollar amount on all property of the classification covered by the policy. Floater policies, which cover property wherever it happens to be and while it is in transit, can also be purchased as a scheduled policy where each individual item is lis...