Dictionary

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Double Indemnity

Payment of twice the basic benefit in the event of loss resulting from specified cause or under specific circumstances.

Dower

The rights of a widow in the property of her husband at his death.

Down Payment

The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage.

Dread Disease Policy

A Health policy, for certain specified diseases only, such as cancer. Such policies do not follow the Principle of Indemnity in that they pay in addition to any other coverage the insured has.

Due-on-sale Provision

A provision in a mortgage that allows the lender to demand repayment in full if the borrower sells the property that serves as security for the mortgage.

Due-on-transfer Provision

This terminology is usually used for second mortgages. See due-on-sale provision.