Recipient Property


Definition of "Recipient property"

SHARON CROUCH
  EBBY HALLIDAY, REALTORS

Insurance against interruption of supply of goods and services. If firm A depends on firm B for its supply of goods and services, an interruption caused by damage or destruction to B can jeopardize A. contingent business interruption form can be used by A to protect against this possibility.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Reciprocal Exchange

Unincorporated association with each insured insuring the other insureds within the association. (Th ...

Depth Tables

Table demonstrating the relationship between the depth of a building lot form the street frontage an ...

Receiver

Judicial appointed person who takes possession, but not the title, to real estate during a bankrupt ...

Immediate Variable Annuity Contract

A contract sold by insurance companies that is bought by means of a single lump sum payment usually ...

Value

Highly subjective term, usually an expression of monetary worth applied to a particular piece of rea ...

Loading

Addition to the pure cost of insurance that reflects agent commissions, premium taxes, administrativ ...

Related Real Estate FAQ

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

What Is Accession?

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

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

Do I Need Flood Insurance?

Over 90% of all presidential-declared disasters in the United States are flood related. Leveling for ...

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

What Do I Need To Know About Homeowners Insurance?

It is where you live and where your possessions are. Chances are, it\'s your asset. But more than po ...

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

Agents join here
Add our widget on your Website

Real Estate Advice

6 Reasons you are not selling properties 10 Tips for Homebuyers Mortgage Loan Types 7 Things to Consider Before Moving to a New City How To Sell Your Home

FAQ

What is a principal? What is a counteroffer? What is a buyer’s agent? What is an investment property? What is a Good Faith Estimate?