Commercial Insurance | Insurance Glossary

Definition of "Commercial insurance"

Insurance sold by privately formed insurance companies with the objective of making a profit.

Legal agreement between individuals who both agree to do or not to do some act. ...

Price an investor is willing to pay for a financial asset. ...

An agreement between a mortgage borrower in distress and the lender that allows the borrower to se ...

Statistical term indicating the central value of a frequency distribution, such that smaller and gre ...

Cost of doing business, not including pure expectation of loss. ...

Method of revenue recognition based on delivery instead of sale. ...

A lock in guarantees a certain interest rate for a certain period of time. ...

An interest rate is the percentage the lender charges you for borrowing money. ...

Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation cha ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

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