Gambling

Definition of "Gambling"

Risk-creating device as compared with insurance, which is a risk-reducing or -eliminating device. This is a form of speculative risk.

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Related Real Estate Glossary terms

With Benefit Of Survivorship

Phrase describing a form of joint tenancy ownership where property passes to the survivors when one ...

Market Value

Independently appraised value of real estate in a free competitive market. Many variables must be co ...

Injunction Bond

Type of judicial bond under which a plaintiff is held liable for damages in the event of a false inj ...

Separate Property

Property acquired before marriage by gift, by inheritance, or bought with separate monies. ...

Housing Starts Indicator

Index that traces the construction of new single-family homes, townhouses, and multifamily apartment ...

Split Funded Plan

Retirement arrangement in which contributions are divided between allocated (insured) and unallocate ...

Related Real Estate FAQ

What Is A Principal?

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

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

What Is A Negative Amortization?

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

What Is Principal?

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

What Are The Benefits Of Liability Insurance?

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

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

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What are the Benefits of Liability Insurance? What is a private Mortgage? What is a lien? What is a subprime mortgage? What is an assumable mortgage?