R01 - Glossary Check...

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Glossary Check...

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Managed funds

Material fact

Money laundering

Mortgage

Mortgagee

Mortgagor

Hacer clic y arrastrar

Anything that would affect the judgment of a prudent insurer in fixing rates or deciding upon acceptance.

Loan made on the security of a house or other asset.

Process of converting money obtained illegally into apparently legitimate funds.

The person to whom an asset is mortgaged; the lender.

Funds produced by a pension scheme are placed with an insurance office which ‘manages’ the investment. Also used for life assurance funds with wide investment powers.

The person who mortgages the asset; the borrower.


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