Define: Compulsory Building And Contents Insurance

Business, Legal & Accounting Glossary

Definition: Compulsory Building And Contents Insurance



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Full Definition of Compulsory Building And Contents Insurance


Some home lenders have in recent years enticed customers with competitive ‘fixed rate’ or ‘low start’ deals. These deals are often sold on the condition that the lender takes out the home lenders own insurance policy. In that way, lenders can profit from the insurance business as compensation for offering what may have been a ‘cheap’ mortgage deal.


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https://payrollheaven.com/define/compulsory-building-and-contents-insurance/
Modern Language Association (MLA):
Compulsory Building And Contents Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 06, 2020 https://payrollheaven.com/define/compulsory-building-and-contents-insurance/.
Chicago Manual of Style (CMS):
Compulsory Building And Contents Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/compulsory-building-and-contents-insurance/ (accessed: April 06, 2020).
American Psychological Association (APA):
Compulsory Building And Contents Insurance. PayrollHeaven.com. Retrieved April 06, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/compulsory-building-and-contents-insurance/

Definition Sources


Definitions for Compulsory Building And Contents Insurance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February, 2020