UNDERINSURED

A person who does not have adequate insurance coverage to meet the needs of damages or loss that stem from an accident or who cannot meet a requirement of co-insurance. … [Read more...] about UNDERINSURED

When an insured person does not have sufficient coverage to meet the needs of damages that result from an accident or for coinsurance requirements. … [Read more...] about UNDERINSURANCE

Two officers who cleaved the tallies written by the clerk of the tallies, and read the same, that the clerk of the pell and comptrollers thereof might see their entries were true. They also made searches for records in the treasury, and had the custody of Domesday Book. Cowell. The office is now abolished. … [Read more...] about UNDER-CHAMBERLAINS OF THE EXCHEQUER

When a company does not have sufficient cash to carry on its business, usually used to describe starting businesses where the owners or incorporators do not place enough cash in deposit to run the business. … [Read more...] about UNDERCAPITALIZATION

Slang term for a debtor who is owes on a loan far in excess of the value of the security for the loan, e.g. the current value of the home is far less than the outstanding mortgage. … [Read more...] about UNDER WATER