Vis Major

Definition of "Vis major"

Latin phrase meaning "overpowering force"; an unavoidable accident or calamity; an accident for which no one is responsible; an act of god.

Search Real Estate Glossary

Related Real Estate Glossary terms

Early Retirement

Term in pensions; leaving a job before normal retirement age, subject to minimum requirements of age ...

Valued Policy Law

Legislation in a number of states requiring insurers to pay the face amount of a fire insurance poli ...

Credit Scoring

Objective method of appraising an applicant's credit standing by assigning values to factors such as ...

Stair Landing

The landing at the bottom and/or top of a stair case providing support for the structure. ...

Reversionary Factor

Factor used in present value computations to determine the current value of future cash flows. It i ...

Comprehensive Medicare Supplement

Insurance policy designed to provide coverage for the deductible amount and the coinsurance amount r ...

Related Real Estate FAQ

What Is An Annuity?

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

What Is An Appraised Value?

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

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

What Is A Negative Amortization?

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

What Is An Easement?

An easement is the right given by the landowner to use the property. ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

How is Square Footage Determined? Should you Buy a Home with Cash? 7 Things to Consider Before Moving to a New City 5 signs of house foundation problems How To Get A Loan with Bad Credit

FAQ

What is an investment property? What are my coverage options? What is a subprime mortgage? What is an escrow officer? What are closing costs?