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Conditions Financial Glossary

What is it? Provisions in an insurance contract that state the rights and duties of the insured and of the insurer.

Finance Term Definition Added By: William

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Financial Term Equity Release is A type of remortgage where you already own your home outright, and use the value of your home as security to borrow money.

Financial Term Rateable Value (RV) is A value placed on all non-domestic properties (businesses) on which rates have to be paid, broadly based on the rent that the property might earn, after deducting the cost of repairs and insurance. The rateable value is determined by the Inland Revenues Valuation Office Agency.

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