Loss Mitigation - Law Dictionary Search Results

loss mitigation

Matched in: Term loss mitigation

damage [Old French, from dam injury, harm, from Latin damnum financial loss, fine] 1 : loss or harm resulting from injury to person, property, or reputation 2 pl : the … civil suit as reparation for the loss or injury for which another is liable see also additur, cover, mitigate, remittitur compare declaratory judgment at judgment, injunction specific performance at performance NOTE: The trier of fact determines the

mitigation of damages

Matched in: Term mitigation of damages

Keep your definitions linked to case research

Try free for 7 days See all features

mitigate

crime] see also mitigation of damages compare aggravate vi : to lessen or minimize the severity of one's losses or damage [a failure to ] mit·i·ga·tion [mi-tə-gā-shən] n mit·i·ga·tive [mi-tə-gā-tiv] adj

mortgage modification

mortgage modification a loss mitigation option that allows a borrower to refinance and/or extend the term of the mortgage loan and thus reduce

partial claim

partial claim a loss mitigation option offered by the FHA that allows a borrower, with help from a lender, to get an interest-free

special forbearance

special forbearance a loss mitigation option where the lender arranges a revised repayment plan for the borrower that may include a temporary reduction

‹ Prev
Next ›

Try the research workspace - 7 days free

Try free for 7 days