Nofault Threshold

Definition of "No-fault threshold"

Amount for which financial loss for bodily injury incurred by the plaintiff must exceed before a tort liability action may be brought.

Search Real Estate Glossary

Related Real Estate Glossary terms

Sole Plate

A two-by-four used for wall resilience and partitioning. Studs rest on it. ...

Inverted Yield Curve

Curve that results when yields on short-term treasury issues exceed those on long-term government de ...

Hard Money

Gold or silver coins, as compared to paper currency. Convertible currency which has wide accept ...

Threshold Level

Minimum degree of injury or loss for which an injured party can sue, even though covered by no fault ...

Termination Rate

Measure of the rate at which policies are cancelled or allowed to lapse. The termination rate is a f ...

Surplus Adequacy Ratio

Insurance company's adjusted surplus divided by its adjusted liabilities. The greater this ratio, th ...

Related Real Estate FAQ

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

What Is A Commitment Letter?

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

What Is A Subprime Mortgage?

A subprime mortgage is a mortgage granted to a borrower who is considered subprime-that is, a person ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

How To Get A Loan with Bad Credit Home Prices - The Extra Costs Getting Ready to Sell? Don't make these DIY Mistakes! How to become a real estate agent Is it better to buy or sell a home first

FAQ

What type of a home is a condominium? How much Life Insurance do I need? I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase? What is a point? What is an escrow officer?