Annual Renewal Agreement

Definition of "Annual renewal agreement"

Agreement in which the insurer promises to renew the policy provided certain conditions have been met by the insured.

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Uniform Policy Provisions, Health Insurance

Basic contract language in individual health and accident insurance policies. These provisions are r ...

Rental Contract

A lease. It is an agreement to rent property for a given amount and term specifying the terms and c ...

Mortgage Banking Software

Computer software packages designed to serve mortgage banking functions, such as mortgage loan accou ...

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What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

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