Occupational Classification

Definition of "Occupational classification"

Classification of occupations according to the degree of risk inherent in that occupation.

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Related Real Estate Glossary terms

Liability Limits

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Policy owner rights under a life insurance policy, including the right to name a new beneficiary at ...

Mortgage Insurance

Insurance provided the lender against loss on a mortgage in the event of borrower default. In the U ...

Worst-Case Scenario

On an ARM, the assumption that the interest rate rises to the maximum extent permitted by the loan ...

Restriction

Limitation or prohibition such as on what a tenant in an apartment may not do. Local laws may also ...

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