Definition of redemption - Study guides, Class notes & Summaries

Which parts of a health insurance policy are guaranteed to be true? - ANSWER- A 15-year mortgage is best protected by what kind of life policy - ANSWER-Mortgage Redemption Policy What type of life policy has a death benefit that adjusts periodically and is written for a specific period of time - ANSWER-Decreasing Term Life A change in an insurance application requires - ANSWER-an initial made by the applicant Who pays for the life insurance coverage on the stockholder in a stock rede...

Equity" meaning - The market value of the property, less the outstanding balance of the mortgage and any other financial obligation registered against the property Definition of "Mortgage" - The pledging of real property to a loender as security for a debt. In other words, a mortgage represents the security over property given to a lender for repayment of a loan. Meaning of redemption (as related to mortgages) - The act of performing the borrowers obligations and consequential discharge...

TLETA Week 3 Exam Questions and Answers 3 steps when making the decision to stop - Answer ️️ --Observe -Evaluate -Implement Dispatch preliminary procedures should include? - Answer ️️ --Perform all vehicle checks before initiating the stop -Minimizes the detention time necessary -Wants/warrants on the vehicle -Allows officer to make the right decision as to the initial nature of the stop -Give your location -Make/model, color of the vehicle -Any anti-police or hate group stick...

What is meant by referring to an insurance policy as a unilateral contract? - Correct Answer-*Only one party makes a legally enforceable promise. 2. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - Correct Answer-*At all times. 3. Any situation that presents the possibility of a loss is known as - Correct Answer-*a loss exposure 4. Which of the following information is not required to be communicated in a Life insurance contrac...

easements in Gross are - Answer Agreements are personal in nature, does not attach to a dominant estate, rather a person or entity what type of easement attaches to the owner's land and transfers to the new owner? - Answer appurtenant easement the parcel that provides the land for the easement is the - Answer servient estate the party that uses an appurtenant easement is called - Answer dominant estate this refers to the number of lots a parcel of ground can be subdivided into - Ans...

Identify the seven topics of international incorporated into the FATF 40 recommendations in 2012? - AML/CFT policies & procedures. Money Laundering & confiscation. Terrorist financing & financing of proliferation. Financial & non-financial institution preventative measures. Transparency & beneficial ownership of legal persons & arrangements. Powers & responsibilities of competent authorities & other institutional measures. International cooperation. According to the Egmont Group, What is th...

IACCP QUESTIONS WITH CORRECT ANSWERS 2024 money laundering definition criminal activity that occurs when money from illegal activity is moved through the financial system to make to appear legit OFAC OFAC oversees the enforcement of federally mandated economic sanctions against certain foreign governments, financial institutions, and the SDN List. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:06 / 0:15 Full screen SDN Li...

IACCP 2 QUESTIONS AND ANSWERS RATED A+ 2024 Investment Adviser Person or entity that is in the business of providing investment advice about securities Fiduciary an investment adviser owes its clients undivided loyalty and may not engage in activity that conflicts with a client's interest without the client's consent Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:06 / 0:15 Full screen Who is required to register with th...

Land - Answer Surface, all natural things attached to it, subsurface, and air above the surface. Real Estate - Answer land plus manmade permanent attatchments Real property - Answer Real estate plus "bundle of legal rights" Bundle of Rights - Answer PUTEE (possess, use, transfer, exclude, encumber) Physical characteristics of real estate - Answer immobility, indestructibility, heterogeneity Immobility - Answer Land cannot be moved from one site to another, its location is foreve...

Describe the three phases of money laundering. – • Placement is the physical disposal of cash or other assets derived from criminal activity. • Layering is the separation of illicit proceeds from their source by layers of financial transactions intended to conceal the origin of the proceeds. • Integration is supplying apparent legitimacy to illicit wealth through the re‐entry of the funds into the economy in what appears to be normal business or personal transactions. What are...