Cash value (Cash surrender value). The amount available in cash to be borrowed against or obtained in cash if a life insurance policy is canceled. Total Loss - A loss of sufficient size that it can be said no value is left. The complete destruction of the property. The term also is used to mean a loss requiring the maximum amount a policy will pay.
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Verification of a vehicle's physical condition. PROPERTY DAMAGE
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Paid As Agreed: Credit accounts have been paid satisfactorily, as per the terms and conditions of the agreement. Credit items that have a positive status and should reflect favorably on your creditworthiness.
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AGENT Truth in Lending Act: A federal law that requires the lenders to disclose some key information related to credit transactions, like interest rates, finance charges, and cost of the loans to the borrowers, so that they can compare various types of loans.
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Inflation guard endorsement. A special endorsement that increases the face amount of a homeowner's policy on a regular basis to compensate for the increasing costs of home construction. Subrogation - The right of an insurer who has taken over another's loss also to take over the other person's right to pursue remedies against a third party.