Gross Negligence

Definition of "Gross negligence"

Reckless action without regard to life, limb, and/or property; for example, driving 100 miles per hour on a road or highway.

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Conclusive Presumption

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Catastrophic Insurance Futures And Options

First exchange-traded risk management tool specifically developed for the insurance industry by the ...

Portable Mortgage

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What Is A Proration?

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A lien is a claim against a property. ...

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Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

What Is A Convertible ARM?

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

What Is A Conventional Mortgage?

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A term is the length of a loan. ...

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