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private mortgage insurance

private mortgage insurance : insurance that a lender may require a borrower to purchase to cover losses in the event of default of a residential loan esp. when the borrower is giving the lender a

Sick Industrial Company

company registered for not less than five years) which has at the end of any financial year accumulated losses equal to or exceeding its entire net worth. [Sick Industrial Companies (Special Provisions) Act, 1985, s. 3(1)(o)]

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