Negligence | Insurance Glossary | Realestateagent.com

Definition of "Negligence"

Failure to act with the legally required degree of care for others, resulting in harm to them.

Insurance or maintenance policy taken out by a buyer of real or personal property. ...

An easement granted to a public utility. ...

Losses representing claims paid. ...

Distance from the location of natural ground and water to the actual ground level. ...

An act or service performed for another person as a favor, having no expectation of receiving compen ...

Same as term Casualty Actuarial Society: accrediting body for the ACAS (Associate of the Casualty Ac ...

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

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