The meaning of a disclosure statement is a legal document signed by both parties, the lender and the borrower or buyer. This statement outlines the terms and conditions, the potential risks, and the detrimental rules of the financial transaction for both parties to uphold. The language of the disclo...

Generally, the term turnover is the accounting method of calculating how fast operations are conducted by a business. The simplest turnover definition is the rate at which a company sells its inventory or how fast they collect cash from accounts receivable. In order to define turnover, we can look a...

Endorsement attached to an insurance policy that eliminates coverage for certain specified perils....

Circumstance under which several insurance policies cover an insured's property against damage or destruction, but since the limits of coverage, kinds of property, and perils covered are not the same under all policies, the insured may not be fully covered in the event of a loss....