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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Wrongful act that causes injury or damages. Examples are trespassing on someone's property destroying part of it, and the landlord's negligent failure to repair defective electrical wiring ...

Sum the insurance company is legally obligated to pay an insured for losses incurred. ...

Written agreement between two or more parties to extend the terms of a document. ...

Transaction in which the ceding company pays a premium and is guaranteed certain future payments to fund future losses. If losses are less than was expected, the ceding company receives a ...

Natural resource, such as oil, coal, and timber, having a limited useful life and subject to depletion. Such assets decrease in worth primarily due to the extraction of the valued commodity ...