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  3. Car Ownership

Blue Book

Car Ownership Financial Terms Dictionary
  • The Blue Book, also known as the Kelly Blue Book, is a popular and reliable guide to car prices in North America.

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Indirect Loan

Auto Loans Car Ownership Financial Terms Dictionary
  • With an indirect loan, the lender does not have a direct relationship with the borrower who took the loan from a third party organized by an intermediary.

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Subrogation

Car Ownership Financial Terms Dictionary
  • Subrogation is a term that describes the legal right of most insurance companies to legally pursue a third party that has caused insurance loss to an insured person.

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Third-Party Insurance

Car Ownership Financial Terms Dictionary
  • Third party liability insurance covers a natural or legal person against losses caused by a third party.

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Underinsured Motorist Coverage

Car Ownership Financial Terms Dictionary
  • Underinsured motorist insurance provides protection in the event of an accident in which the driver at fault does not have sufficient insurance to cover all losses.

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Underinsured Motorist Coverage Limits Trigger

Car Ownership Financial Terms Dictionary
  • The underinsured motorist coverage limits trigger provides insurance coverage for damage caused by a guilty motorist without proper auto insurance to fully cover the damage of the other injured party.

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Underinsured Motorist Endorsement

Car Ownership Financial Terms Dictionary
  • Underinsured Motorist Endorsement is a type of supplemental car insurance.

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Uninsured Motorist Coverage (UM)

Car Ownership Financial Terms Dictionary
  • Uninsured motorist insurance (UM) is an additional coverage for auto policies that covers injuries and damage caused by an uninsured driver.

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Taxonomies
Insurance 3709 Corporate Finance 983 Economics 497 Business Essentials 254 Accounting 251 Investing Basics 216 Strategy & Education 210 Taxes 199 Trading Skills 192 Bonds 185 ALL 220
Financial Terms Dictionary 5774 Insurance Terms Dictionary 3524 Insurance 14 Business Essentials 6 Corporate Finance 6 Accounting 1 Human Resources 1
Financial Terms Dictionary 5774 Insurance Terms Dictionary 3524 Insurance 14 Business Essentials 6 Corporate Finance 6 Accounting 1 Human Resources 1
Insurance 1 Rating 1
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