MORTGAGE LIFE INSURANCE
An insurance policy that is designed specifically for repaying mortgage debt upon the borrower’s death. This is different from conventional life insurance policies because the traditional ones is paid out when the borrower passed away. But the mortgage life insurance policy won’t pay unless the borrower dies and the mortgage itself is still existing.
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Accumulation Area
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SEC Form DEF13E3
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Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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