Joint Credit: A credit shared by two or more individuals, where all the parties involved are responsible for repaying the debt. Generally, such a credit or loan is extended on the basis of the combined income, assets and credit reports of all the individuals involved. CLAIMANT Total disability. The insured is unable to perform the duties of any occupation for which she or he is suited through experience, education, or training.
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Bid Bond - A guarantee that the contractor will enter into a contract, if it is awarded to him, and furnish such contract bond (sometimes called "performance bond") as is required by terms thereof. If a lien has been satisfied, the result is that the property under lien is |
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