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Popular Real Estate Glossary Terms
Simply put, probate is a legal proceeding whereby the will of a deceased is tested for validity. The definition of probate is not known to most Americans. According to a Gallup survey, ...
Recording an expenditure having a benefit of more than one year to the cost of the property. ...
Authority that administers state laws regulating insurance and licenses insurance companies and their agents. ...
Covered walkway, open to the outside, connecting two parts of a building or two buildings. A breezeway protects pedestrians from the elements but provides open access to the outside. ...
Income (premiums + investment earnings) minus disbursements (dividends + death claims + policies surrendered for benefits + general expenses). ...