Reparations | Insurance Glossary | Realestateagent.com

Definition of "Reparations"

Payment made by a party causing harm to the party incurring that harm.

That licensed broker who employs a licensed real estate salesperson for renting and selling real est ...

Amount subject to depreciation, which equals the initial cost less the estimated salvage value. ...

Account established and administered by a state agency to finance a mandatory insurance program, for ...

Transfer of highly individualized loss exposures that is not based on the usual pooling principles o ...

Legal action between a plaintiff and defendant. ...

Clause in a surety bond contract providing for restoration of coverage after a loss without requirem ...

A lien is a claim against a property. ...

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

A gated community is a community of homes where you must pass through a security gate in order to en ...

An interest rate is the percentage the lender charges you for borrowing money. ...

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

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