Expense


Definition of "Expense"

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

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Mobile Home Insurance

Coverage similar to a homeowners insurance policy in that Section I covers property exposure and Section II covers liability exposure. Section I (prop ...

Threshold Level

Minimum degree of injury or loss for which an injured party can sue, even though covered by no fault automobile insurance. Traditionally, an accident ...

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Vehicle that is available to anyone in the United States as a means for savings in a tax-exempt fashion for college, graduate, or professional schools ...

Accounts Receivable Insurance

Coverage when business records are destroyed by an insured peril and the business cannot collect money owed. The policy covers these uncollectible sum ...

Expense Liabilities

Expenses and taxes incurred by the insurance company resulting from the normal business activities of the company before the due date of the annual st ...

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Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ratio) used in this calculation is 30%. The housin ...

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Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

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A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to ...

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A group plan in one that is sponsored by an employer, association or other organization, as opposed to an individual or family. With the employee give ...

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You might think, \"Why do I need insurance, I\'m renting?\" Well, even though your landlord probably has an insurance policy on your building, you\'ll ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

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What is a contingency? What is a front-end ratio? What do I need to know about Term Life Insurance? What do I need to know about Condominium Insurance? What is a Good Faith Estimate?