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Impounds
A trust type of account established by lenders for the accumulation of borrower's
funds to meet periodic payments of taxes, mortgage insurance premiums, and/or
future insurance policy premiums, required to protect their security.
Indemnity
Insurance against possible loss or damage. A title insurance policy is a contract
of indemnity.
Intestate
Without leaving a will, or leaving an invalid will so that the property of
the estate passes by the laws of succession rather than by the direction
of the deceased.
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