Statutory Profit

Definition of "Statutory profit"

Total earned premiums minus total expenses and losses paid of the insurance company.

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Construction Insurance

Property coverage for damage or destruction of structures in the course of construction. For example ...

Defense Costs

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Latin for "Let the superior reply." That is, an employer is liable for the torts of employees that r ...

Market Comparison Approach

Method of appraising real estate based on the market comparison of neighboring properties having sim ...

Doc

Abbreviation for the word document. ...

Negative Amortization Cap

The maximum amount of negative amortization permitted on an ARM, usually expressed as a percentage ...

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What is an interest rate? Do I need flood Insurance? What happens when you prequalify? What type of a home is a condominium? What is hazard insurance?