Steven P. Finizio
What does indemnity mean in insurance? Indemnity insurance may sound like a complicated insurance product, but the word indemnity simply refers to an insurance policy that provides financial coverage for unexpected damages. With a contract of indemnity, the policyholder pays a premium in exchange for...
This would mean that you’ve lost the opportunity to sell those 200 cakes altogether. But with the contingent contract in place, that opportunity still stands. The same goes for the convenience store. If they had outright rejected the additional 150 cakes, regardless of how quickly they sold...
You may be asking yourself, “what does it mean to bind insurance?” Well, we’re about to tell you. Insurance terms aren’t that complicated if you have help. Written by Embroker Team Published February 27, 2023 Table of Contents What is an Insurance Binder? What Does an Insurance ...
Find out what that means and whether you can still make an offer on those homes. What Does Under Contract Mean in Real Estate? Under contract means that a property owner has accepted a buyer’s offer to purchase the property. Important terms, including the price, down payment amount, ...
Continue, What does foreclosure mean and how do you avoid it? How to remove someone from your mortgage? There are a few different ways to remove someone from a mortgage. Although refinancing is the most common way, there are alternatives you may want to consider. Continue, How to remove...
Wages in the finance and insurance industry increased by 40.5% % from 2006 through 2024, according to Payscale. The recipient of a bachelor’s degree in finance earns a median salary of $78,080 a year.3334 Chief compliance officers (CFOs)have the highest-salaried jobs in finance, according...
2. Can a contract be ratified if it’s void?No. Only voidable contracts can be ratified. Void contracts are invalid from the beginning and cannot be enforced. 3. How do you ratify a contract?By expressing approval verbally, in writing, or through conduct, and often by signing a ratificati...
In some cases, your mortgage lender may require a real estate attorney be part of the transaction. That could mean you're off the hook for the attorney fees, since the lawyer isn't representing you as a buyer. In states that require a closing attorney, know that even though you hire an...
First, you need to determine the duty percentage rate on the goods you're shipping. ... To do thisadd up the value of the goods, freight costs, insurance and any additional costs, then multiply the total by the duty rate. The result is the amount of duty you'll need to pay customs...