Tag: person

What is 'Qualified Exchange Accommodation Arrangements' A strategy used in some 1031 exchanges where a third party, known as an "accommodation party,"...

What is a Quiet Title Action A quiet title action is a legal proceeding used to establish the ownership of real estate when there are...

DefinitionThe term "velocity of money" refers to how fast money passes from one holder to the next. It can refer to the income velocity...

What is 'Federal Covered Advisor' An investment advisor in the United States that manages more than $25 million in assets for other...

Waiver Of Premium For Payer Benefit What is 'Waiver Of Premium For Payer Benefit ' A clause in an insurance policy...

Willful or wanton disregard Willful or wanton conduct means the actions of one party were done with a conscious and reckless disregard for another person's...

What is 'Water Damage Legal Liability Insurance' A policy that provides financial protection to a person or business that unintentionally causes water...

When to Use a Waiver of Notice When does a meeting require formal notice? Normally, anyone with an interest must be formally notified, either in...

DefinitionGarnishment is an American legal process for collecting a monetary judgment on behalf of a plaintiff from a defendant. Garnishment allows the plaintiff to...

What is 'Gatekeeper' Requirements that must be met before an individual can qualify for a long-term care plan. A person must qualify...