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Popular Real Estate Glossary Terms
The right of a person or business to renew a contract. For example, the tenant may have the right to renew a lease for a specified amount and term. ...
Same as term Graduated Life Table: mortality table that reflects irregularities from age to age due to chance fluctuations in the sequence of the rates of mortality. The rates of death as ...
One who submits a claim for an incurred loss. ...
Coverage for two or more persons with the death benefit payable at the death of the last of those insured. Premiums are significantly lower under joint life and survivor insurance than for ...
Part of something such as the units making up a heating or air conditioning system in a building. ...