Related Words

Title Insurance Fees: The costs involved in purchasing title insurance. May include title insurance policy and search fees.

Named Perils Insurance: An insurance policy that names specific risks covered by the policy.

National Insurance: A form of taxation, payable by employees, employers and the self employed, which is notionally to fund state benefits including pensions, sickness, unemployment and maternity. It is part of . . . View Full Definition

Nonparticipating Life Insurance Policy: Life insurance policy whose policyholders do not receive dividends, because they are not participants in the interest, dividends, and capital gains earned by the insurer on premiums paid.

Naked Title: Bare title to the property, lacking the usual rights and privileges of ownership. A trustee in a deed of trust securing instrument may hold the title to a secured property, but only such tit . . . View Full Definition

Mutual Mortgage Insurance: Insurance premiums and other specified FHA revenues are paid into one of four FHA funds. Losses due to foreclosure are met from these funds.

Mortgagees Title Insurance: An insurance policy protecting the lender for the amount of the loan in the event of a future title dispute.

Multiple Peril Insurance: Insurance policy that covers a wide variety of property damage.

Municipal Bond Insurance: An insurance policy that guarantees payment on municipal bonds in the event the issuer defaults.

Opinion Of Title: An opinion of the marketability of a title given by an attorney based on the abstract of title.