Tag: liability
Malpractice Insurance
DefinitionProfessional liability insurance, also called professional indemnity insurance but more commonly known as errors & omissions in the US, is a form of liability...
Master Limited Partnership
What is a Master Limited Partnership
A master limited partnership (MLP) is a type of business partnership that is publicly traded on a stock exchange....
Mandatory Redemption Schedule
What is 'Mandatory Redemption Schedule' Specified dates when a bond issuer is required to redeem all or a portion of the outstanding...
Abusive Tax Shelter
What is 'Abusive Tax Shelter' An investment scheme that claims to reduce income tax without changing the value of the user's income...
Real Estate Limited Partnership (RELP)
What is 'Real Estate Limited Partnership - RELP' A limited partnership entity organized to invest in real estate. A Real Estate Limited...
Safe Harbor
What is 'Safe Harbor' Safe harbor refers to a legal provision to reduce or eliminate liability in certain situations as long as...
Vault Receipt
What is 'Vault Receipt' A document frequently used as a delivery instrument to indicate ownership of precious metals stored in a bank,...
Vandalism And Malicious Mischief Insurance
What is 'Vandalism And Malicious Mischief Insurance' A type of insurance coverage that protects against losses sustained as a result of vandals....
Family Limited Partnership (FLP)
What is 'Family Limited Partnership - FLP' A type of partnership designed to centralize family business or investment accounts. FLPs pool together...
Waiver Of Restoration Premium
Waiver Of Restoration Premium What is 'Waiver Of Restoration Premium ' A clause in an insurance policy that says that the...