mortgagee policy
Смотреть что такое "mortgagee policy" в других словарях:
mortgagee clause — A provision in a hazard insurance contract stipulating that in the event of a loss, proceeds will be paid to a secured party. Usually used when the insured property is real property. Includes personal property that is insured as contents of the… … Financial and business terms
mortgagee — the organisation or person to whom the property is mortgaged. In the case of a bank loan, the organisation is usually the bank. Glossary of Business Terms A secured party to whom insurance proceeds are paid as stipulated in a mortgagee payee… … Financial and business terms
mortgagee clause — A clause in a policy of insurance covering property which provides for the payment of the proceeds of the policy in the event of a loss to the mortgagee under a mortgage on the insured premises, to the extent of the amount of the mortgage. 29 Am… … Ballentine's law dictionary
mortgagee clause — Insurance. a clause attached to a fire insurance policy for protecting a mortgagee against loss or damage. * * * … Universalium
mortgagee clause — /mɔgəˈdʒi klɔz/ (say mawguh jee klawz) noun a clause attached to a fire insurance policy, designed to protect the mortgagee against loss or damage …
mortgagee clause — noun see mortgage clause * * * Insurance. a clause attached to a fire insurance policy for protecting a mortgagee against loss or damage … Useful english dictionary
standard mortgagee clause — A provision in a hazard insurance contract stipulating that in the event of a loss, proceeds will be paid to a secured party. Usually used when the insured property is real property. Includes personal property that is insured as contents of the… … Financial and business terms
union mortgage clause — A clause, as in a fire policy (together with the rider making the loss, if any, payable to the mortgagee), which provides that if the policy is made payable to a mortgagee of the insured real estate, no act or default of any person other than… … Black's law dictionary
insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… … Universalium
insured — Ordinarily, synonymous with assured. 29 Am J Rev ed Ins § 239. The person in whose favor a contract of insurance is operative and who is indemnified against, or is to receive a certain sum upon, the happening of a specified contingency or event.… … Ballentine's law dictionary
property law — Introduction principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… … Universalium
