|
| | |
Reinsurance
Reinsurance Reinsuranceis the contract to transfer all or a portion of the insurer's (ceding insurance company's) risk, assumed on behalf of its insureds, to another insurer/reinsurer.
RELATED TERMS--------------------------------------
Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
Risk
The probability of getting your money back. High risk means low probability; low risk means high probability.
SIMILAR TERMS--------------------------------------
Reinstatement
To bring something back to its prior position, as in restoring a defaulted loan to current status.
PREVIOUS AND NEXT TERMS--------------------------------------
Rumford Act
California's fair housing law.
Run with the land
A phrase describing rights or covenants that bind or benefit successive owners of a property.
Rural Housing Service
A U.S. Department of Agriculture program that provides financing to farmers and certain borrowers to purchase rural property when other funds are not available.
R-value
A term used to describe the effectiveness of various kinds of insulation to indicate their resistance to heat flow.
Ratified
Ratifiedmeans approved and given formal sanction to; confirmed.
Reinsurance
This dictionary contains 6433 terms. |
|
|
