Category: G

In Spanish law. A written authorization to a court to enforce theperformance of an agreement in the same manner as if it had been decreed uponregular legal proceedings.

When a partnership pays for the individual members. Each person gets paid for their investments even if no profit is made. It eliminates risk from personal contributions.

When a manufacturer or supplier refunds the difference in price while the agent still has the goods bought at a higher price. fIt helps agents order in bulk and not lose due to price drops.

When an insurere must renew without changes to premium rates. They can do this at a certain time and age.

Insurance for the cost or property maintenace or replacement. The property can be beyond the policy limit. There is no depreciation.

A hotel reservation that is held until checkout the day after the arrival. Payment is made even if the guest doesn’t show up unless cancelation policy allows an out.

When a manufacturer takes goods back unsold after a time. Refer to consignment sale.

a bond or a stock that is guaranteed by a person who is not the issuer or the stocks or bonds.

When a group plan covers all holder no matter what medical history.

This term applies to the title to a property that the insurance company will insure.