Habits

Definition of "Habits"

Behavior or character standing of an individual in a community. Some personal habits are considered in underwriting an insurance application.

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Related Real Estate Glossary terms

Realtor-associate

Membership designation for salespersons working for Realtors. ...

Confusion Of Goods

Peril that occurs when personal property of two or more people is mixed to such an extent that any o ...

Executor

Fiduciary named in a will to settle an estate of a deceased person. The executor must act as a reaso ...

Equipment Floaters Insurance

Coverage for property that moves from location to location from the perils of fire, lightning, explo ...

Sales-assessment Ratio

Selling price of a property divided by its appraisal value. If real estate has a selling price of $4 ...

Entrepreneur

Individual who has the initiative to star an enterprise. The entrepreneur usually hires people to wo ...

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What Is A Lease Purchase Mortgage?

A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property ...

What Is Principal?

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

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

What Is A Principal?

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

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

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