Lag | Insurance Glossary | Realestateagent.com

Definition of "Lag"

Time that has elapsed between when claims actually occurred and when claims are actually paid.

Policy combining features Of UNIVERSAL LIFE INSURANCE and VARIABLE LIFE INSURANCE in that excess int ...

Exclusion of coverage in marine insurance if damage or destruction of property results from war, cap ...

Time limit on the deferred ownership of property such that, 21 years after the property owner dies, ...

Created by law usually for the right to travel to landlocked parcel of land ...

Insurance policy for which the required premium has been paid. ...

Coverage under the Workers Compensation Act for all employees in the maritime industry who perform t ...

An easement is the right given by the landowner to use the property. ...

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

A sales contract is the contract you draw up when you want to make an offer on a home. ...

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

FSBO means for sale by owner. ...

A subprime mortgage is a mortgage granted to a borrower who is considered subprime-that is, a person ...

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