Contract Holder | Insurance Glossary

Definition of "Contract holder"

Lisa McGill

Keller Williams Realty

In insurance, individual with rightful possession of an insurance policy, usually the policyowner.

Commitment that a lending institution makes to offer a loan at a stipulated interest rate at a prede ...

Projected percentage of the earned premiums that will be required by the insurance company to pay fo ...

Part of a capital gain constituting tax benefits previously taken and taxed as ordinary income. ...

Legal document that conveys real estate to the lender after the borrower defaults on his or her mort ...

Tendency to go to the party or situation of the lowest level of opposition. ...

A lender that provides loans through mortgage brokers or correspondents. ...

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

A title is the right of property ownership. ...

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