Related Words

Company Dollar: The term company dollar is the amount left over after all commissions have been paid out.

Maximum Dollar Limit: The maximum amount of money that an insurance company (or self-insured company) will pay for claims within a specific time period. Maximum dollar limits vary greatly. They may be based on or . . . View Full Definition

Management Company: A company responsible for running a resort on a day-to-day basis, often contracted to do so by the homeowners association. Frequently, the resort developer will have a controlling interest i . . . View Full Definition

Mortgage Broker-Company: A person or firm that acts as an intermediary between borrower and lender, one who, for compensation or gain, negotiates, sells or arranges loans and sometimes continues to service the loans . . . View Full Definition

Limited Liability Company (LLC): LLCs are a relatively recent form of business organization. An LLC combines the most attractive features of limited partnerships and corporations. The members of an LLC enjoy the limited lia . . . View Full Definition

Mortgage company : A company that borrows money from a bank, lends it to consumers to buy homes, then sells the loans to investors.

Parent Company: A company that owns another company.

Nominal Dollars: Dollars that are not adjusted for inflation.

Mutual Company: A mutual company is a privately held company owned by its policyholders, depositors, or other customers. A share of the profits is distributed as dividends, allocated in proportion to the am . . . View Full Definition

Limited Liability Company: Organizing a business enterprise as a limited liability company (LLC) under the laws of the state where it operates protects its owners or shareholders from personal responsibility for compa . . . View Full Definition