Triad Lifestyle

Real Estate Glossary Terms

• Camber

  (1) Mildly convex arch built into a load bearing beam, girder, or truss to counteract any load bearing stress placed on it. (2) Slight slope designed into a structure such as a drive4way or roadway for runoff. ...

• Dock

  Structure built into the water from the land providing a facility for boats to tie up. A dock will often provide utility access ...

• Fair Market Value

  The definition of Fair Market Value in the real estate business is the highest amount that could be received on the sale of a property when there are a willing buyer and a willing seller. But that seems kind of vague, right?Let’s give Fair Market Value some context:Truth is whenever a home sel ...

• Environmental Impairment Liability (eil) Insurance

  Coverage in the event that negligent acts and/or omissions by individual (s) and organization (s) result in damage to the environment and a liability suit against these parties. ...

• Nonparticipating Insurance

  Policy not designed to pay the policyowner a dividend. ...