Civil Liability


Definition of "Civil liability"

Negligent acts and/or omissions, other than breach of contract, normally independent of moral obligations for which a remedy can be provided in a court of law. For example, a person injured in someone's home can bring suit under civil liability law.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Credit Life Insurance (creditor Life Insurance)

Insurance issued to a creditor (lender) to cover the life of a debtor (borrower) for an outstanding ...

Useful Life

Usual operating service life of property for the purpose it was acquired. The useful life used for d ...

Insurance Agents And Brokers Liability Insurance

Coverage for acts or omissions committed by an agent or broker resulting in adequate insurance in th ...

Syndicate

A group of investment bankers underwriting and distributing a new or outstanding issue of securiti ...

Vesting

Entitlement of a pension plan participant (employee) to receive full benefits at normal retirement a ...

Ocean Marine Protection And Indemnity Insurance

Coverage for bodily injury and property damage liability excluded under standard ocean marine insura ...

Related Real Estate FAQ

What Is A Mortgage?

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

What Is A Mortgagee?

A morgagee is the lender. ...

What Is A Private Mortgage?

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

What Does Travel Insurance Typically Cover?

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

What Is A Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What is the Best Time of Year to Buy a Home? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Should you Buy a Home with Cash? What is Hazard Insurance? Real Estate Open House - The Dos and Don

FAQ

I dont know the zip code of my areas. How do I find an agent that is right for me in my area. Who is a subagent? What does Fannie Mae mean? What is a FHA mortgage? What is a mortgage?