Judgment By Default | Insurance Glossary

Definition of "Judgment by default"

Decision in the absence of a plaintiff or defendant at the specified court time.

An individual who has been admitted to practice law in his/her state. He or she is approved to repre ...

Type of proportional reinsurance under which the ceding company (primary insurer) cedes a portion of ...

Physical damage to one's person. The purpose of liability (casualty) insurance is to cover bodily in ...

Tenant agrees to a replacement landlord. ...

Designated individual who is to receive the policyholder's interest in the policy should the policyh ...

Date at which insurance protection begins. ...

Basic points relates to changes in the interest rate for your home. ...

FSBO means for sale by owner. ...

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

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