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Popular Real Estate Glossary Terms
Coverage for the owner of a business. When a proprietor dies, debts of the business become the debts of the estate since in this circumstance the law recognizes business and personal assets ...
Contractual obligation that requires one party to the contract to fulfill its obligation before another party to the contract is required to fulfill its contractual obligation. For example, ...
The definition of special acceptance explains how two insurance institutions work together for the benefit of the masses. In order to define what special acceptance means, we must ...
Frequency of premium payment; for example annually, semiannually, quarterly, or monthly. ...
Judicial finding that the debtor owes an amount exceeding the value of the collateral put up for the defaulted loan. ...