Masterservant Rule


Definition of "Master-servant rule"

Assumption that an employer is liable for negligent acts or omissions of employees that result in bodily injury and/or property damage to third parties if those acts are in the course of employment.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Proprietary Lease

Lease in a cooperative apartment building between the owner cooperative and the stockholder tenant. ...

Prior Insurance

Insurance in force previous to the present insurance policy. ...

Levy

The imposition or collection, usually by legal or governmental authority, of an assessment of a spec ...

Anti

Prefix meaning: (1) opposed or against something, as in antitrust or anti-Semitism. (2) opposite, ...

Strip Lumber

Lumber of no more than 8 inches wide and 2 inches thick. ...

Accrued Benefit Cost Method

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

Related Real Estate FAQ

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Is An Origination Fee?

An origination fee is a fee paid to a lender for processing a loan application. ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

What Is A Title?

A title is the right of property ownership. ...

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Is An Adjustable-rate Mortgage (ARM)?

A type of mortgage in which the interest rate is keyed to a certain economic index and is adjusted a ...

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

3 tips to ensure your sale goes through Is it better to buy or sell a home first Real Estate Open House - The Dos and Don 5 U.S. Cities with the Best Public Transportation 7 Things to Consider Before Moving to a New City

FAQ

What is a lease purchase mortgage? What is a default? How much money can I borrow to buy a home? What is a treasury index? What are closing costs?