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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Closed-End Mortgage
Restrictive mortgage which cannot be prepaid, refinanced, or renegotiated without settling breakage costs to the lender. This is applicable to home ...
Robinson-Patman Act
Robinson-Patman Act is a federal law passed in 1936 to outlaw price discrimination. This is an amendment to the 1914 Clayton Antitrust Act and is s ...
In Street Name
Brokerage account where the client’s assets and securities are held under the name of the brokerage, not the individual owner. Although the c ...
SWS
Syndrome afflicting individuals with new or sudden wealth, causing an individual stress. Its symptoms include feelings of guilt over good fortune, ...
Trust Property
Assets placed under a trust agreement between a trustor and trustee for a beneficiary. It includes any type of asset such as cash, life insurance p ...
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