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

Contingent Business Income Coverage Insurance

Same as term Contingent Business Income Coverage Form: coverage for loss in the net earnings of a bu ...

Recordation

The act of recording of deeds and other property instruments in a public registry. Recordation give ...

Loan Value

Amount that a policyowner can borrow from a cash value of a permanent life insurance policy. ...

Administrator’s Deed

Deed used to convey an intestates real property through a court appointed administrator. The admini ...

Scheduled Policy

Policy permitting an insured to choose desired coverages. These policies are important for items wit ...

Rescind

Canceling, nullifying, terminating, or dishonoring a contractual obligation. The Truth-in-Lending A ...

Related Real Estate FAQ

What Is Disability Insurance?

Line of insurance, which included coverages that are designed to protect the insured against a loss ...

What Is A Mortgagee?

A morgagee is the lender. ...

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then so ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

Do I Need Earthquake Insurance?

If you live in an Earthquake zone. Yes! Typically most homeowners insurance insurance coverage would ...

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

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