Also called the death rate. The amount of deaths in a particular group of people, which can be modified to reflect ages or causes of death. When calculated for the entire population, this rate is called the crude mortality rate.

A number determined by deducting the actual mortality experienced from the expected mortality.

A table that displays the frequency of death at particular ages. Usually, the table also shows deaths by age group, deaths by thousands, and deaths based on a population of a million.

A deposit or conditional transfer to secure the performance of some act: The person who makes the transfer is called the “mortgagor,” the other party, the “mortgagee,” sometimes an intermediary called a “trustee” is appointed.

An interest in a property given by the property owner, known as the mortgagee, to a lender, known as the mortgagor, in exchange for a loan of money.

A clause found in a direct damage policy taken on a mortgaged property. This clause specifies that reimbursement for any loss will be paid to the mortgagee, and that the mortgagee’s right to recovery will not be overcome by the insured’s negligence.

A guarantee to a mortgagee that the sums owing to him will be paid.

A certificate issued by the insurer of property to a mortgagee undertaking to inform the mortgagee if the insurance is changed to his detriment and not to settle a loss without the mortgagee’s consent.

Commercial property form that protects mortgage holders from any losses stemming from errors or omissions.