Host Liability


Definition of "Host liability"

Exposure created by an individual acting as a host serving alcoholic beverages at no charge to persons already intoxicated, resulting in these intoxicated individuals causing property damage and/or bodily injury to third parties.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Frontage Road

Road or highway acting as a frontage boundary. ...

Public Syndicate

group of at least two people or businesses combining to engage in a real estate project that would e ...

National Flood Insurance Program

Coverage against flooding for personal and business property under the National Flood Act of 1968, w ...

Box Construction

Method of construction where vertical siding is attached to a horizontal framing structure. Often fo ...

Full Preliminary Term Reserve Plan

Method of valuing a reserve under which a life insurance policy, from an actual point of view, combi ...

Disqualified Person

Individual prohibited under the employee retirement income security act of 1974 (erisa) from conduct ...

Related Real Estate FAQ

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 Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

What Is A Foreclosure?

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

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

What Is PITI And What Does It Stand For?

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

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

Home Prices - The Extra Costs How to become a real estate agent What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Why Use a Real Estate Agent? How Does The Home Loan Underwriting Process Work?

FAQ

Do I need Earthquake Insurance? What is a counteroffer? I need Hospital Insurance in addition to my current health insurance policy? What is a private Mortgage? What do I need to know about Homeowners Insurance?