- the set of standard conditions that apply to a mortgage, normally
provided to the borrower in booklet form at the time the mortgage
offer is given.
- insurance of goods (other than marine insurance).
Insurance companies identify different types of insurance policy
as falling into different branches. For instance the Life branch
covers the insurance of people and is generally known as life assurance.
The insurance of property, rather than businesses, is known as personal
guaranteed earned income
- any income received on top of your basic salary that is not part
of your normal basic pay under the terms and conditions of your
employment but which you are guaranteed to receive.
- person who agrees to guarantee that a loan will be paid.
The guarantor is therefore fully liable for the repayment of the
borrowed amount should the borrower default.