Commission Of Authority

Definition of "Commission of authority"

Powers of an agent delegated by an insurance company and shown in the form of a document.

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Trade Name

Word, or group of words, that identifies a business or one of its products. The name is registered w ...

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Describing an instance where the occurrence of one event precludes the occurrence of a second event; ...

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Pipeline Risk

The lender's risk that, between the time a lock commitment is given to the borrower and the time t ...

Allocated Benefits

Payments in a defined benefit plan. Benefits are allocated to the pension plan participants as premi ...

Term Life Insurance

Life insurance that stays in effect for only a specified, limited period. If an insured dies within ...

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