UNSATISFIED JUDGMENT FUND
Unsatisfied Judgment Fund is money used to cover uncompensated expenses related to motor vehicle accidents. Certain states set aside money to pay for the damages and bodily injuries caused by the responsible driver who is incapable of paying for the casualties. With the unsatisfied judgment fund, the injured or the victim who is not responsible for the accident is covered at least with the healthcare and medical bills related to the accident. As a requirement, to be able to receive assistance from the unsatisfied judgment fund, the victim must be able to provide evidence that he or she is not at fault and the other party is responsible but does not have the capability to shoulder any resulting expenses from the accident.
POPULAR TERMS
Netting
Settling mutual obligations at the net value of a contract as opposed to its gross dollar value.
Lemming
An investor who follows the crowd in investing without doing any research on his/her investments. Usually, lemming results to significant losses. T ...
Transaction Deposit
Bank deposit that can be immediately withdrawn, transferred, or otherwise transacted by the depositor. Banks are required to maintain reserves on h ...
Value Fund
Value Fund refers to a stock mutual fund that holds stocks, which are believed to be undervalued in price but are likely to be capable of paying di ...
Market Order
Most common way of carrying orders; an instruction or order from a client, via broker or brokerage service, to immediately purchase or sell an inve ...
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