Claim

Claim
A claim is a request by an insured party for compensation or indemnification from an insurance company for loss incurred due to an insured peril.
Cloud on Title
A cloud on title refers to any matter appearing in the record of a title to real estate that appears to reflect the existence of an outstanding claim or encumbrance which, if valid, would defeat or impair the title. This could, however, be proven invalid by evidence outside the title record.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.