Individual Balance Sheet | Insurance Glossary

Definition of "Individual balance sheet"

Statement showing assets and liabilities of an individual.

Expenditures paid for in advance such as property insurance, rent, and interest. Prepaid expenses ar ...

Clause in a mortgage that allows the borrower to pay more than the monthly amount and to retire the ...

Court-appointed or commissioner of insurance-appointed custodian to manage the affairs of an insuran ...

Buying more house than a buyer can afford based on his or her income. ...

Actual mortality experience of an insured group as compared to the expected mortality for that group ...

A fee estate limited by the happening of a certain event. ...

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

This calculator will amortize your mortgage over the loan period based on your input. To see a break ...

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

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

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