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  2. Certificate of occupancy - Wikipedia

    en.wikipedia.org/wiki/Certificate_of_occupancy

    A certificate of occupancy is evidence that the building complies substantially with the plans and specifications that have been submitted to, and approved by, the local authority. It complements a building permit —a document that must be filed by the applicant with the local authority before construction to indicate that the proposed ...

  3. ACORD - Wikipedia

    en.wikipedia.org/wiki/ACORD

    ACORD also provided expertise on digital data standards for a collaboration with IBM, ISN, and Marsh to streamline the proof of insurance process with the help of blockchain technology. The partnership is an attempt to eliminate the time- and labor-intensive paper insurance certificates that dominate the global insurance market. [9]

  4. Insurance policy - Wikipedia

    en.wikipedia.org/wiki/Insurance_policy

    In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.

  5. Roof insurance: ACV vs. replacement cost - AOL

    www.aol.com/finance/roof-insurance-acv-vs...

    For example, an insurance company is not likely to cover a 40-year-old roof on a replacement cost basis, since the roof is probably in poor condition and may be more susceptible to damage. Pros ...

  6. Percentage-of-completion method - Wikipedia

    en.wikipedia.org/wiki/Percentage-of-Completion...

    The percentage of completion method is used when: Collections are assured; The accounting system can: Estimate profitability; Measure progress toward completion. Losses are recognized in the year when they are discovered, the same way as for the completed contract method. The balance sheet presentation is the same as in the completed contract ...

  7. Cover sheet - Wikipedia

    en.wikipedia.org/wiki/Cover_sheet

    Cover sheet may refer to: Case Information Statement (or Cover Sheet), is a document which is filed with a court clerk at the commencement of a civil lawsuit in many of the court systems of the United States; Assignment cover sheet, a paper used by students when completing assignments at university for their courses

  8. Topping out - Wikipedia

    en.wikipedia.org/wiki/Topping_out

    In New Zealand, completion of the roof to a water-proof state is celebrated through a "roof shout", where workers are treated to cake and beer. [ 9 ] The tradition of " pannenbier " (literally "(roof) tile beer" in Dutch ) is popular in the Netherlands and Flanders , where a national, regional or city flag is hung once the highest point of a ...

  9. Extended coverage - Wikipedia

    en.wikipedia.org/wiki/Extended_coverage

    Extended coverage is a term used in the property insurance business. All insurance policies have exclusions for specific causes of loss (also called "perils") that are not covered by the insurance company. An extended coverage endorsement (EC) was a common extension of property insurance beyond coverage for fire and lightning.

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