Mutualization Of Risk | Insurance Glossary

Definition of "Mutualization of risk"

David Dahl

Edina Realty

Process of distributing the costs associated with losses and risks over a number of insureds.

Trust in which rights to make any changes therein are retained by the grantor. At the grantor's deat ...

Having two families live in a residence designed for only one family. This violates single-family r ...

Offer to buy real estate provided certain conditions are met. ...

Used ton convey property of a minor or legally incompetent person. ...

Interest is due on a loan only if a particular circumstance occurs. ...

An amount of money provided for in a contract as compensation if the contract is not fulfilled. An e ...

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

A morgagee is the lender. ...

When you are preapproved, you have a definite commitment from a lender ...

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works fo ...

A down payment is the money you pay up front for the purchase of a home. ...

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