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Insured account |
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Insured accountA bank or financial account that is insured for the benefit of the depositor, protecting against loss in the event that the savings institution becomes insolvent. See: FDIC.Insured account Similar MatchesInsured bondInsured bondA municipal bond backed both by the credit of the municipal issuer and by commercial insurance policies. InsuredInsuredThe property or persons covered by an insurance policy. Uninsured motorist insuranceUninsured motorist insuranceAutomobile insurance which gives cover to the insured and passengers in the event of vehicle damage and personal injury caused by an uninsured motorist. Insured MortgageInsured MortgageA mortgage insured against loss to the mortgagee in the event of default and a failure of the mortgaged property to satisfy the balance owing plus costs of foreclosure. May be insured by F.H.A., V.A., or by private mortgage insurance companies. Government insured mortgageGovernment insured mortgageLoans in which the government promises to make good on the insured portion, should the borrow default on the loan. Generally, government loans do not require large down payments. They do, however, have strict eligibility requirements. Further SuggestionsTransaction Insured Trade Acceptance Locator (TITAL)insured Uninsured motorist insurance |
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