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

Accrued Benefit Cost Method

Actuarial method of crediting retirement benefits earned and the costs associated with these earned ...

Residual Disability Income Insurance

Coverage for an individual with a residual disability. Benefits are usually payable for the unused p ...

Attic Fan

Used to cool the attic by removing hot air. ...

Concentric Zone Theory

Land development planning model theorizing that an urban area grows in rings expanding out from the ...

Compound Sum

Total amount due at maturity consisting of both principal and compound interest. ...

Cape Cod Colonial House

Early American style 1 story house with a steep gable roof covered with shingles. The bedrooms are o ...

Related Real Estate FAQ

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or run ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

What Is A Gift Letter?

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

What Does Travel Insurance Typically Cover?

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

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

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

How To Choose A Realtor Getting Ready to Sell? Don't make these DIY Mistakes! How is Square Footage Determined? How To Sell Your Home Why Use a Real Estate Agent?

FAQ

What is a home warranty? What do I need to know about Pet Insurance? What is an easement? Who is a subagent? What is a gift letter?