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Popular Real Estate Glossary Terms
Person protecting himself from risk or negative consequences, such as by taking out homeowner's insurance. Material used to block or restrain something from entering a house, ...
recipient. insurance company that receives a premium payment from a payer. insured or beneficiary who receives a loss or benefit payment from an insurer. ...
Wife's interest in her husband's property upon his death. The wife has an insurable interest in that property and can purchase a property and casualty insurance policy to cover the ...
Failure or refusal to perform a specified action. The failure to fulfill contractually agreed upon terms or actions. Nonperformance creates a liability which can enable a judicial damage ...
Recurring obligation or assurance given. ...