Theft

Definition of "Theft"

Act of stealing. Coverage can be purchased under most property insurance policies such as the homeowners insurance policy.

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Related Real Estate Glossary terms

Corporeal Right

Right to substantive real or personal property having tangible body and form. For example, a corpore ...

Fee Simple Absolute

An estate limited absolutely to an owner and his or her heirs in perpetuity and without limitation, ...

Deficiency Reserve

Addition to reserves of a life insurance company required by various states because the valuation pr ...

Vacant Land

Property that is unoccupied and thus not being used. It is usually raw land with no structure or i ...

Misrepresentation (false Pretense)

Intent to defraud. An insured is required to answer truthfully all questions on the application. The ...

Assets And Valuation

Actuarial evaluation of the assets of a pension plan according to the fair market value of the asset ...

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