Ballentine's law dictionary. Anderson, W.S.. 1998.
indemnity — in·dem·ni·ty /in dem nə tē/ n pl ties 1 a: security against hurt, loss, or damage b: exemption from incurred penalties or liabilities 2 a: indemnification (1) b: something (as a payme … Law dictionary
mortgage indemnity insurance — UK US noun [U] UK INSURANCE ► a type of insurance that protects a financial organization against loss if someone is unable to pay back their mortgage: »Loans above 75 per cent involve mortgage indemnity insurance. → Compare MORTGAGE PROTECTION… … Financial and business terms
mortgage protection insurance — ➔ insurance * * * mortgage protection insurance UK US noun [U] also US mortgage insurance) INSURANCE ► a type of insurance that will pay the amount of money you owe on a mortgage if you are unable to pay it: »One in ten borrowers have taken out… … Financial and business terms
mortgage indemnity guarantee — ( MIG) An insurance which is designed to protect a mortgage lender against the risk of you defaulting or not being able to repay the mortgage. The policy is usually imposed upon by the lender at the start of the loan and the premium payable is… … Financial and business terms
Mortgage Indemnity Guarantee — A Mortgage Indemnity Guarantee (MIG) is an insurance policy designed to protect the lender (mortgagee) against loss in the event of defaulting and ceasing to repay the mortgage. The policy may be insisted on by the lender at the start of the loan … Wikipedia
Mortgage insurance — For information on insurance guaranteeing payment of the mortgage in the event of death or disability, see mortgage life insurance. Mortgage insurance (also known as mortgage guaranty) is an insurance policy which compensates lenders or investors … Wikipedia
indemnity insurance — risk protection for actions for which a business is liable. Insurance that a business carries to cover the possibility of loss from lawsuits in the event the business or its agents were found at fault when an action occurred. Glossary of Business … Financial and business terms
Protection and indemnity insurance — Protection and indemnity insurance, commonly known as P I, is a form of marine insurance provided by a P I Club. A P I Club is a mutual (i.e. co operative) insurance association that provides cover for its members, who will typically be ship… … Wikipedia
MIG — mortgage indemnity guarantee (MIG) An insurance which is designed to protect a mortgage lender against the risk of you defaulting or not being able to repay the mortgage. The policy is usually imposed upon by the lender at the start of the loan… … Financial and business terms
Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… … Wikipedia
