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Popular Real Estate Glossary Terms
In real estate, the basis to set an adjustable rate mortgage, such as a 6-month certificate of deposit (CD) rate, cost of funds index, or prime rate. A statistical measure stated as ...
Excuses raised by a defendant in a negligent suit (unintentional tort). There are three basic defenses to unintentional torts or negligence. ASSUMPTION OF RISK an individual (plaintiff), by ...
Insurance company that specializes in underwriting casualty insurance. ...
Tax concept whereby income not actually received is considered to be constructively received by a taxpayer and thus must be reported. ...
Physical decline in a property's value caused from use, old age, and environmental factors. ...