Cancellation Clause
Definition of "Cancellation clause"
Contractual provision describing the terms under which coverage may be terminated. An insured or insurer may cancel a policy before its expiration date. Generally, a written notice of cancellation must be sent. The insurance company then refunds a part of the premium as stipulated in the insurance contract.
Popular Real Estate Terms
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Legal mechanism available for a person who is over his head financially and is unable to meet his financial obligations. ...
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Heading of a document, such as a real estate report. ...
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