ESCROW AGENT: Definitions, Duties, and Fees
Throughout the home-buying process, a trusted and unbiased third party may be required to manage money while you…
RABBI TRUST: Definition, Administration, and Taxation
The Rabbi Trust is a non-qualified deferred compensation plan that invests money in an irrevocable trust and holds…
STOCK APPRECIATION RIGHTS SARs: An Overview
As an alternative to standard stock option schemes, companies frequently give stock appreciation rights. Employees who participate in…
4-POINT INSPECTION: Meaning and All You Need To Know
When looking for Florida home insurance, you may come across the 4-point inspection. A four-point inspection is an…
What Is Debt Service?Importance, Formulas, and Examples
You’re undoubtedly aware that your three-digit FICO® credit score is important when applying for a mortgage. Lenders will…
What Is Custodial Care? Types, Facilities, and How To Choose One
Custodial care is a common type of long-term support for the elderly who require non-medical assistance on a…
SPLIT DOLLAR LIFE INSURANCE | How The Plans Work
Most people simply require a personal life insurance policy to financially cover their family if they die. However,…
Does Liability Insurance Cover Theft?
Insurance coverage for theft depends on the situation and the type of motor insurance you have. Comprehensive coverage…
LIMITED PAY LIFE POLICY: Everything You Need To Know
Life insurance can do more than simply offer rewards to your loved ones in the event of your…
IRREVOCABLE LETTER OF CREDIT: Definition & How To Get It
A letter of credit (LC) is the most frequently requested document for international commercial transactions, particularly when the…