Title to property that is insured. … [Read more...]

A calculation that provides the percentage of gross profit and equals (sales revenue) less (cost of sales) divided by (sales revenue) … [Read more...]

estates. In Pennsylvania, this term is used to signify a perpetual rent issuing out of some real estate. This rent is redeemable where there is a covenant in the deed that, before the expiration of a period therein named, it may be redeemed by the payment of a certain sum of money; or it is irredeemable, when there is no such agreement; and, in the latter case, it cannot be … [Read more...]

(A) He who makes a guaranty. A person who makes a guarantee to pay the debt of another on an agreement should that party default. For example, a guarantor on a lease agreement agrees to cover all outstanding amounts due to a landlord for unpaid rent and default by the tenant. (B) contracts. He who makes a guaranty. 2. The guarantor is bound to fulfill the engagement he has … [Read more...]

A serious and severe misconduct, such as misconduct that would be justifiable to terminate an employee from employment. … [Read more...]