Maximum Probable Loss Mpl


Definition of "Maximum probable loss (mpl)"

Heidi Parrish
  Century 21 Judge Fite Company

Estimate of maximum dollar value that can be lost under realistic situations. For example, a fire or other peril occurs, but a sprinkler system works and a fire department responds in good order.



Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ