Nofault Threshold | Insurance Glossary

Definition of "No-fault threshold"

Amount for which financial loss for bodily injury incurred by the plaintiff must exceed before a tort liability action may be brought.

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

Pocket-sized real estate license issued for brokers and salespersons by most states. Identifies the ...

Minimum payments provided under a health insurance policy. ...

Premium rate charged for a particular time interval which is less than the normal time interval. For ...

A term that small lenders sometimes use to distinguish themselves from mortgage brokers. ...

Pension or other employee benefit plan that favors highly compensated employees or top executives or ...

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

Paid advertorials are articles written by public relations professionals that have just one goal in ...

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

A mortgagor is the borrower. ...

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