Systems Safety Engineering | Insurance Glossary

Definition of "Systems safety engineering"

Risk management technique for identifying risks and taking steps to minimize losses.

Lease agreement between the lessee of an original lease and a new lessee. For example, John signs a ...

On an ARM, the assumption that the value of the index to which the interest rate is tied does not c ...

Single payment or periodic payments that are made to purchase an annuity. ...

Contract allowing a real estate agent to list a property exclusively and/or with a multiple listing ...

Benefits payable under any insurance policy or annuity contract. ...

Life insurance that pays the balance of a mortgage if the mortgagor (insured) dies. Coverage is usua ...

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

Title insurance is insurance that protects the lender and buyer against any losses incurred from dis ...

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

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death ...

An origination fee is a fee paid to a lender for processing a loan application. ...

It is where you live and where your possessions are. Chances are, it\'s your asset. But more than po ...

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