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Liability Insurance Financial Glossary

What is it? Insurance coverage that protects you against injuries you cause to other people, or damage you cause to their property.

Finance Term Definition Added By: Faith

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We hope you now understand the meaning of Liability Insurance. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term LongTerm Bonds is Generally, bonds with maturities in excess of ten years. They usually pay investors higher yields than shorter-term bonds, but they tend to be more sensitive to interest-rate changes (see Bond).

Financial Term preclosing lien search is An investigation of the appropriate public records, conducted shortly before the closing of a secured transaction, to determine the likely priority that will be received for the creditors security interest in the proposed collateral.

Financial Term primary reserves is For a bank, assets considered to be the primary source of extra liquidity. Primary reserves are usually defined to be cash on hand, balances on deposit with the Federal Reserve Bank, and balances due from correspondent banks (e.g., cash and due from banks).

Financial Term Trust account is Same or similar to escrow account. See also escrow account.

Financial Term Trustee is The individual or institution with responsibility for management of property placed in trust for the benefit of another individual.