Dram Shop Law

Definition of "Dram shop law"

Liquor liability legislation in 20 states under which a dispenser of alcoholic beverages is held responsible for bodily injury and/or property damage caused by its customers to a third party. Insurance coverage is available, but at a high premium rate.

Search Real Estate Glossary

Related Real Estate Glossary terms

Variable Dollar Investments

Financial instruments whose principal and income are not established in advance according to contrac ...

Household Inventory

List and description of valuables, to be utilized in the event an insurance claim must be filed. Inc ...

Proceeds From Resale

Same as term resale proceeds: Net amount received when property is sold. It equals the selling price ...

Extended Coverage

Protection over and above that of an insurance policy or warranty. ...

Parol Evidence Rule

Rule that prohibits the introduction into a court of law of any oral or written agreement that contr ...

Development Cost

All the costs involved in constructing a development project including the cost of acquiring a parce ...

Related Real Estate FAQ

What Is Loan Amortization?

This calculator will amortize your mortgage over the loan period based on your input. To see a break ...

How Much Money Can I Borrow To Buy A Home?

To begin, you\'ll need to figure out what your gross income is (before taxes) monthly and yearly. T ...

What Is Homeowners Insurance?

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard in ...

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

What Are Paid Advertorials?

Paid advertorials are articles written by public relations professionals that have just one goal in ...

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

When to buy a house 7 Tips for a First Time Homebuyer How is Square Footage Determined? Foreclosure - The Pros and Cons of Buying Getting Ready to Sell? Don't make these DIY Mistakes!

FAQ

How much money can I borrow to buy a home? What is title insurance? How Much Can I Afford ? What do I need to know about Condominium Insurance? How can I protect my Home Office?