Amerivest Realty- Wakelin Realty Team

Real Estate Glossary Terms

• Certificate Of Reasonable Value (CRV)

  Certificate showing the appraised value of the property and maximum VA guaranteed loan a veteran under GI guaranteed mortgage loan may obtain from a private lender. See also certificate of eligibility. ...

• Adjusted Underwriting Profit

  Same as term Underwriting Gain Loss): profit ( deficit) that remains after paying claims and expenses. Insurers generate profits from underwriting and from investment income. Their chief business is insuring against risks for a profit, and one measure of success is whether there is money left after ...

• Symmetric Risk Exposure

  Gain that occurs when the move in the underlying asset in one direction is similar to the loss when the underlying asset moves in the opposite direction. For example, if a stock goes up by X dollars, there is an X dollar gain. On the other hand, if a stock goes down by X dollars, there is an X dolla ...

• Valuation Of Loss

  Method of setting a dollar value on loss suffered by an insured. In some cases, a loss is straightforward, such as the cost of gallbladder surgery. But with burglary of a home or a traffic accident that damages a car, the amount of loss is open to interpretation. In many cases, the insured needs rec ...

• Third Party

  Individual other than the insured or insurer who has incurred a loss or is entitled to receive a benefit payment as the result of the acts or omissions of the insured. ...