fag 1. n. Chiefly British. 1. a. A student at a boarding school who is required to perform menial tasks for a student in a higher grade. b.A drudge. 2. Fatiguing or tedious work; drudgery.v. fagged, fagÂ·ging, fags. v. tr.. Chiefly Brit. drudgery; toil. 3. Brit. a younger pupil in a British public school required to perform certain menial tasks for an older pupil. 4. a drudge. 5. to tire or weary by labor (often fol. by out). 6. Brit. to require to do the menial chores of a fag.
GAP Insurance is the difference between the actual cash value of a vehicle and the balance still owed on the financing (car loan, lease, etc.). GAP coverage is mainly used on new and used small vehicles (cars and trucks) and heavy trucks. Some financing companies and lease contracts require it.
Mortgage protection insurance is a life insurance policy designed to pay off your mortgage if you die during the term. It runs for the same length of time as your mortgage.So, if you take out a mortgage over 20 years, your mortgage protection insurance must also be in place for 20 years. If you die, your insurance company pays the policy benefit directly to your mortgage lender.enerally, mortgage protection is designed to pay off your mortgage if you die, not to provide a cash sum to your dependants (unless you get a â level-term policy'). So, you will usually need separate life insurance to provide for a cash lump sum if you have a dependant family.