Racketeer Influenced And Corrupt Organizations Act Of Rico

Definition of "Racketeer influenced and corrupt organizations act of 1970 (rico)"

Legislation that provides support for legal actions against individuals or organizations involved in systematic illegal activities. This act has been applied against insurance organizations when they were accused of bad-faith failure to pay claims or when there was a question of insolvency.

Search Real Estate Glossary

Related Real Estate Glossary terms

Blanket Rate

Premium charged (and applied on a uniform basis) for property insurance covering properties at multi ...

Household Inventory

List and description of valuables, to be utilized in the event an insurance claim must be filed. Inc ...

Floor Plan

The arrangement of the walls and rooms in a structure. A two-dimensional horizontal scale drawing of ...

Residential Unit

property suitable for residential living, such as a house, duplex, apartment, mobile home, or condo ...

Encroachment

Structure or part thereof, such as a building, that obstructs or overlaps another property. Infringe ...

Corporation Sole

Corporation having only one person, A corporation sole is primarily used for the purposes of a nonpr ...

Related Real Estate FAQ

How Much Money Can I Borrow To Buy A Home?

To begin, you\'ll need to figure out what your gross income is (before taxes) monthly and yearly. T ...

What Type Of Life Insurance Is Right For Me?

A life insurance policy can help enable your family to remain financially if you or your spouse shou ...

What Is The Tax Benefits Of Buying A Home?

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

What Is A Second Mortgage?

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. 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

Is it better to buy or sell a home first 7 Tips for a First Time Homebuyer How to become a real estate agent Home Prices - The Extra Costs 7 Things to Consider Before Moving to a New City

FAQ

Should I Pay Extra Each Month? What is a VA loan? How can I figure out my debt-to-income ratio? What is a gift letter? I need Hospital Insurance in addition to my current health insurance policy?