Bond of Indemnity

 

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Bond of Indemnity

An insurance policy that indemnifies the corporation, the shareholder and the Transfer Agent against any and all claims arising from the ../../finance-glossary/ment by the Transfer Agent of certificates lost or stolen.



Bond of Indemnity

Similar Matches

Indemnity insurance

Indemnity insurance

A policy which covers the insured against the loss of an asset. The purpose of the insurance is to place the insured in exactly the same financial state after a loss as he was in before the loss occurred.


Indemnity Guarantee Premium

Indemnity Guarantee Premium

Additional one-off fee paid to the lender to protect them against the borrower defaulting. Independent Financial Advisor In theory, these intermediaries should look at the entire financial market before making a selection and offer unbiased advice and access to all suitable financial products. they sometimes still have access to special deals not on offer elsewhere because they may subscribe to a mortgage panel along with other advisers and brokers. Together they convince lenders to provide special packages in return for their continued custom. The only trouble is that they have to deliver a certain level of business over a year to remain on the panel, so they may favour some products over others.


Indemnity commission

Indemnity commission

Where a life company pays commission to an agent, the company does so on the proviso it will be entitled to take back some or all of the commission if the policy is cancelled within a given period. Also known as 'clawback'.


MIG Mortgage Indemnity Guarantee

MIG Mortgage Indemnity Guarantee

This is insurance for the lender paid by the consumer in a one-off payment, on 'high' LTV mortgages. This protects the lender in the event that you default on the loan and the sale of the property is not enough to repay the amount that they are owed. Some lenders will insist you pay this if your mortgage is for as low as 75% of the value of the property, but 90% is a more common level. Some lenders will not insist on it regardless of the loan value. You can often add this fee to the loan, but be aware that you will then be paying interest on it until the loan is repaid in full.


Indemnity

Indemnity

Applies to insurance policies and means the insurer will basically make sure you are no better or worse off in the event of a claim, taking into account wear and tear.


Further Suggestions

indemnity
mortgage indemnity
double indemnity


 
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