Payment Adjustment Cap

Definition of "Payment Adjustment Cap"

Limit on the size of payment change on an adjustable rate mortgage.

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Written contract between an insured and an insurance company stating the obligations and responsibil ...

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Ordinary Life—whole Life—straight Life

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Industrial Insured Carrier

Insurance company that sells property and casualty insurance only to industrial insureds. These comp ...

Unity Of Time

Principle stating that all joint tenants must acquire their interest from the same deed or will. ...

Voluntary Bankruptcy

Bankruptcy declared by any insolvent person or business. In contrast to involuntary bankruptcy, whic ...

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