Residual Disability


Definition of "Residual disability"

Inability to perform one or more important daily business duties, or inability to perform the usual daily business duties for the time period usually required for the performance of such duties.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Section 1245

Provision of the Internal Revenue Code applying to gains from the sale of personal property subject ...

Commercial Insurance Company

Privately formed insurance company whose objective is to make a profit. ...

Loan

An agreement by which the owner of property (the lender) and a borrower agree to let the borrower us ...

Access Right

The right of a property owner to freely go to and return from an adjoining highway without interfere ...

Second Surplus Reinsurance

Amount of reinsurance accepted by a second reinsurer which is in excess of the original insurer's re ...

Heating System

System of interconnected pipes, radiators, and/or ducts designed to heat a building utilizing a m ...

Related Real Estate FAQ

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

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 ...

How Can I Protect My Home Office?

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

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 PITI And What Does It Stand For?

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

How Much Can I Afford ?

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

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

Foreclosure - The Pros and Cons of Buying 7 Tips for a First Time Homebuyer Rent or Buy - the pros and cons How is Square Footage Determined? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes?

FAQ

What are discount points? How Much Will My Principal Be? What is a proprietary lease? What are the Benefits of Liability Insurance? How much Life Insurance do I need?