Per Diem Business Interruption Policy

Definition of "Per diem business interruption policy"

Type of business interruption insurance policy that provides a specific daily dollar amount benefit to the business owner for each day the business is unable to resume normal business operations because of property damage or destruction resulting from an insured peril.

Search Real Estate Glossary

Related Real Estate Glossary terms

Dynamic Risk

Same as term Dynamic: changing state of the economy associated with changes in human wants and desir ...

Age-weighted Profit-sharing Plan

Plan that combines the simplicity and flexibility of the traditional profit-sharing plan with the be ...

Debit

In insurance, debit agents list of total premiums to be collected. This also applies to the geograph ...

Annuity Rent

Periodic payments to an annuitant. ...

Capitalization

(1) Multiplying the average gross or net operating income of rental property by an appropriate facto ...

Assumptions

Circumstances taken for granted. For example, in calculating annuity values, a particular interest r ...

Related Real Estate FAQ

What Is A Fixed-rate Mortgage?

A fixed-rate mortgage is a type of mortgage in which the interest rate is fixed for the life of the ...

What Is A Negative Amortization?

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

What Do I Need To Know About Business Insurance?

Commercial insurance is designed to help protect many of the risks your business can face, including ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

What Is Accession?

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

What Do I Need To Know About Pet Insurance?

If you own a pet, i\'m sure you\'ve been in a situation where the vet bills have been much higher th ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

Foreclosure - The Pros and Cons of Buying How Does The Home Loan Underwriting Process Work? How To Sell Your Home Getting Ready to Sell? Don't make these DIY Mistakes! What is Earnest Money

FAQ

What is a proration? What is a FHA mortgage? What is hazard insurance? How do I file an Insurance Claim? What does Travel Insurance Typically Cover?