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Definition
| The portion of an item's purchase price that you still owe after making the down payment. |
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Definition
| Annual Percentage Rate is an index used to compare the relative cost of borrowing money. |
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Definition
| Insurance that protects you against financial loss if your automobile causes personal injury to someone. |
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Definition
| Insurance that protects you against financial losses if your car is involved in an accident. Liability insurance includes bodily injury insurance and property damage insurance. |
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Term
| property damage insurance |
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Definition
| Insurance that protects you against financial loss if your automobile damages the property of other people. |
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Definition
| Insurance that protects you from loss of or damage to your automobile caused by fire, vandalism, theft and so on. |
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Definition
| Insurance to pay for repairs to your automobile if it is involved in an accident. |
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Definition
| A clause in an insurance policy stating that the insured must pay a portion of any repair bill, or a portion of the amount not covered by hospital or surgical-medical insurance. |
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Term
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Definition
| The portion of your annual insurance premium determined by the amount of coverage you want, the age group of your car, and the insurance rating group. |
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Term
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Definition
| The category to which an automobile is assigned by an insurance company depending on its age. Age group affects the base premium. |
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Term
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Definition
| The amount you pay each year for insurance coverage. |
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Term
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Definition
| A category to which an insurance company assigns an automobile depending on its size and value. The insurance-rating group affects the base premium. |
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Term
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Definition
| A number assigned by an insurance company to each driver of an automobile to reflect the driver's age, marital status, and so on. A higher driver-rating factor results in a higher annual premium. |
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