It is a way of funding an insurance product that makes it much less expensive than would be possible in
a traditional payment arrangement.
Not exact matches
In
traditional franchise
arrangements, royalty
payments and other fees are often based on a percentage of overall sales.
Unlike a
traditional mortgage where a homebuyer makes
payments to a lender over time, a reverse mortgage is the exact opposite
arrangement, where a lender makes
payments to a homeowner in exchange for equity in the home.
From flat fee
payment arrangements to approaching legal matters from a project management perspective,
traditional hourly billing models no longer define the legal industry.