Limited Policy | Insurance Glossary

Definition of "Limited policy"

Type of health insurance providing benefits for only a particular peril, such as cancer.

Yearly tax return filed by an individual or couple. It is due to the federal taxing authority on Apr ...

Coverage by at least two insurance policies providing the same coverage for the same risk. ...

Certificate showing the appraised value of the property and maximum VA guaranteed loan a veteran und ...

Unregistered stock or bond that pays the holder dividends (if stock) or interest (if bonds) as well ...

Also called a will. Describes the disposition of property. ...

Underwriting phrase denoting the best judgment based on the experience of an underwriter, in classif ...

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

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

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

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews