Premium Receipt

Definition of "Premium receipt"

Written evidence given to a policyowner by an insurance company or insurance agency that it has received a premium.

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Double-digit Inflation

Annual rate of inflation of 10% or higher. ...

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Lot Split

Dividing a lot into two or more parcels. Normally a variance would have to be obtained to permit a l ...

Direct Loss

Property loss in which the insured peril is the proximate cause (an unbroken chain of events) of the ...

Assumption Clause

Provision in a mortgage permitting the owner of property to transfer the mortgage to a buyer. ...

Joint And Several Liable Lease

A lease having two or more joint lessees who share a common liability with a lessor. Under a joint a ...

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