Parent Liability

Definition of "Parent liability"

Liability incurred by a parent by reason of a tort committed by his or her minor child.

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Builders Risk Insurance

Same as term Builders Risks Forms: types of contracts that insure building contractors for damage to ...

Bylaws

Regulatory rules that have to be followed by the organization in conducting its activities. ...

Equity Yield

Internal rate of return ignoring taxes associated with the capital invested in property. Internal ra ...

Resident Agent

Salesperson who markets and services insurance policies in the state in which he or she is domiciled ...

Modernize

To upgrade a facility by installing up-to-date technology as well as introducing stylistic changes r ...

Forfeiture

Loss of property from nonfulfillment of some duty or condition. In some cases, forfeiture is require ...

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