UNDERINSURED MOTORIST COVERAGE LIMITS TRIGGER
Underinsured Motorist Coverage Limits Trigger refers to one of the two triggers that can be specified by an insured party in order to protect against losses resulting from an accident with a motorist that has inadequate insurance. Specifically, it looks into the liability limit of the driver at fault. If it is lower, the underinsured motorist coverage would be triggered to take effect.
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Gift Letter
Written correspondence given to a lender acknowledging the money received is a gift from a friend or relative. Normally, it occurs when a borrower ...
Digits Deleted
A designation on an exchange's ticker tape that refers to the absence of one or more price digits caused by tape delay. Digits deleted comes in ...
Quadruple Witching
Basically, quadruple witching is the day in which all contracts for stock index options and futures, single stock futures, and stock options expire ...
Cash on Delivery - COD
Transaction in which payment for an ordered good is made on its delivery date and time. The good will be returned to the seller should the buyer fa ...
Robo-Signer
A mortgage servicing company employee signing foreclosure documents without reviewing them. A robo-signer does not review details of individuals, a ...
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Digesting Financial Statements: Revenue
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