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Popular Real Estate Glossary Terms
Gradual deterioration of land due to nature such as because of floods, hurricanes and storms. Gradual decline in the value of real estate because of poor market and economic conditions. ...
Appreciation in the unsold assets' value. When assets are sold, their capital gain (loss) is shown on the insurance company's income statement; any unrealized gain or loss is not included ...
Net income expressed as a percentage of average total assets. This percentage measures profitability by expressing the efficiency of asset utilization. ...
Wood strip (molding) at the bottom of a baseboard. ...
Policy in which an insurer agrees to pay property or liability losses (generally 80-100%) in excess of a specific amount paid on all losses during a policy year. ...