Systems Safety Engineering | Insurance Glossary

Definition of "Systems safety engineering"

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

Anticipated insurance-related costs, not including claims-related costs. ...

Payment under a state-sponsored program for victims of crimes. ...

(1) Revising the selling price of real property to reflect what it would be worth if typical financi ...

Funds set aside by an insurance company to pay incurred losses which have not yet been paid. ...

Expenses added to the beginning of a premium payment period. For example, an annuity with a 10% fron ...

A clause inserted in a loan agreement by a lender guarantee a quoted interest rate on a loan for a s ...

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

An interest rate is the percentage the lender charges you for borrowing money. ...

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

An investment property is a property you purchase with the intension of using it as a rental income ...

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