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Popular Real Estate Glossary Terms
Same as term Close Corporation Plan: prior arrangement for surviving stockholders to purchase shares of a deceased stockholder according to a predetermined formula for setting the value of ...
Payments awarded by a court in a liability suit. Money damages can be broken down into compensatory and punitive. Compensatory damages reimburse a plaintiff for expenses incurred for such ...
Account established and administered by a state agency to finance a mandatory state insurance program for job-related injuries or to finance a non-job-related injuries insurance program on ...
Category of property zoning that designates property to be used for industrial purposes. Industrial zoning allows manufacturing, research and development purposes, factory office and ...
Property to be insured, or that is insured, which is located within the specific geographical region falling under the auspices of the fire department. ...