Loss - Law Dictionary Search Results

credit related expenses

credit related expenses foreclosed property expenses plus the provision for losses. Source: U.S. Department of Housing and Urban Development

s corporation

of shareholders. Its major significance is the fact that an S corporation usually avoids corporate income tax. Corporate losses can be claimed by the shareholders. Source: FindLaw

that is usually limited to a single enterprise and that involves the sharing of resources, control, profits, and losses compare combination 2 : a criminal undertaking by two or more persons in which each intentionally takes part

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absorb

burden of [expenses were ed by the company] b : to lessen the tax liability for [has other losses to the income "D. Q. Posin"]

comprehensive general liability insurance

comprehensive general liability insurance : liability insurance for a business that usually covers losses from products liability, premises liability, and some liabilities that the insured assumes under a contract (as a lease)

fha

to advance homeownership opportunities for all Americans; assists homebuyers by providing mortgage insurance to lenders to cover most losses that may occur when a borrower defaults; this encourages lenders to make loans to borrowers who might not

first-party coverage

of first-party coverage include collision insurance and comprehensive insurance, in which your own insurance company pays you for losses to your own car.

flood insurance

flood insurance insurance that protects homeowners against losses from a flood; if a home is located in a flood plain, the lender will require flood insurance

foreseeability

3d 209 (1971)"] 2 : the doctrine esp. of tort and contract law that liability is limited to losses that are foreseeable see also Palsgraf v. Long Island Railroad Co. in the Important Cases section

hedge

hedge hedged hedg·ing : to reduce possible losses in speculative transactions by engaging in offsetting transactions (as futures trading)

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