Business Life And Health Insurance

Definition of "Business life and health insurance"

Coverage providing funds for maintenance of a business as closely to normal as possible in the event of a loss of a key person, owner, or partner.

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Related Real Estate Glossary terms

Casualty Loss

Loss arising from the partial or complete destruction of property resulting from circumstances of a ...

Long-tail Liability

One where an injury or other harm takes time to become known and a claim may be separated from the c ...

Origination Fee

An upfront fee charged by some lenders, expressed as a percent of the loan amount. It is the same a ...

Float

Amount of funds represented by checks that have been issued but not yet collected. Time between the ...

Let

Contracts: Awarding a contract to the bidder for the property with the best offer. Lease: To le ...

Private Mortgage Insurance (PMI)

Mortgage insurance provided by private mortgage insurance companies (PMIs). As distinguished from m ...

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