Expense Reserve | Insurance Glossary

Definition of "Expense reserve"

Insurance company's liability for incurred but unpaid expenses.

The amount the borrower promises to repay, as set forth in the loan contract. The loan amount may e ...

Wrongful inaction; failure to act; inactivity. ...

Same as term plat: Map that shows the location and boundaries of individual properties. ...

Tenancy that may be terminated by one party- the tenant or the landlord- at any time. The agreement ...

Acknowledgment by the policyowner that he or she has received the policy loan requested. ...

Cash flow form income-producing property, reduced by income taxes related to the property's income. ...

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

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

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

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you ...

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