When a homeowner sells a property with a mortgage, in most cases, they will need to pay off the mortgage at closing. A due-on-sale clause specifies that the remaining balance of a mortgage must be ...

Learn how an aggregate extension clause groups small business losses into single claims, explore its advantages, and see practical examples in reinsurance.

Forbes contributors publish independent expert analyses and insights. I write about charitable giving and estate planning ideas. To understand the use of a tax reimbursement clause you need to first ...

Kim Porter began her career as a writer and an editor focusing on personal finance in 2010. Since then, her work has been published everywhere from Forbes Advisor to U.S. News & World Report, Fortune, ...

A defeasance clause in real estate is a provision in loan agreements that defines how a borrower can satisfy the lender's requirements in order to release their lien on the property. This clause can ...

The mortgagee clause is a provision in a homeowners insurance policy that protects the lender from financial loss if the mortgaged property is substantially damaged or destroyed. Many mortgage lenders ...

An alienation clause, also known as a due-on-sale clause, is a standard provision in most mortgage agreements. It requires the borrower to repay the full loan balance if the property is sold or ...

You'll likely find a coinsurance clause in your commercial property insurance policy. This clause outlines how much insurance coverage you must carry in relation to the replacement cost of your ...

Non-compete clauses limit employees from joining competitors to protect business interests. The FTC proposed banning non-competes, potentially increasing wages by $300 billion. Four states have banned ...

We all know paying your mortgage on time is important. But you might not know how big of a deal it could be to miss a single payment. Most mortgage loans include an acceleration clause, which could ...