Victim Compensation | Insurance Glossary

Definition of "Victim compensation"

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

Also called financial leverage. The use of borrower funds to magnify return. Trading profitably on t ...

Wrongful inaction; failure to act; inactivity. ...

Description of an area that is located at the outskirts of a city composed primarily of residential ...

The lowest interest rate possible under an ARM contract. Floors are less common than ceilings. ...

Rule of thumb approach used to determine how long it takes to double an investment in real estate. ...

Provision of a property policy that excludes construction that is likely to suffer a loss. For examp ...

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

A contingency is a provision included in a sales contract stating that certain events must occur or ...

When you are preapproved, you have a definite commitment from a lender ...

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

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

A life insurance policy can help enable your family to remain financially if you or your spouse shou ...

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