Haven’t you ever paid a bill a few days after the due date? It happened to all of us, not necessarily because we didn’t have the money, but because we simply forgot about it. A delay of a few days on a bill is not such a big deal, yet, according to the definition of delinquency, theoreti...

Certificates that pass-through principal and interest payments to investors....

Act by a company that authorizes an agent to act on its behalf....

Same as term Elimination Period: form of deductible usually found in disability income insurance; for example, no benefits may be payable for a length of time beginning with the first day of illness. Subsequently, benefits are usually paid only for costs incurred after the end of the elimination per...