Water Quality Improvement Act Of

Definition of "Water quality improvement act of 1970"

1970 federal law that requires shipowners to clean up or pay for the cleanup of waters polluted by discharges from their ships. Shipowners may be refused navigation privileges if they cannot demonstrate that they have the financial resources to pay for cleanups.

Search Real Estate Glossary

Related Real Estate Glossary terms

Payroll Audit

Insurance company's examination of an insured business's payroll records in order to determine the f ...

Contribution Principle

Rule that concerns the distribution of the aggregate surplus among the policies in the same proporti ...

Underwriter, Lay

Individual who works in the home office of an insurance company and performs the function of underwr ...

Noninsured Driver

Operator with no liability insurance. If a non-insured driver hits another car, the victim sometimes ...

Bumper Strips

Timber wood situated on the exteriors of a loading deck to safeguard it from damage resulting when t ...

Third Party: Administration

Performance of managerial and clerical functions related to an employee benefit insurance plan by an ...

Related Real Estate FAQ

What Is An Assessed Value?

The public tax assessor value of a property as determined for the purpose of taxation. ...

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Does Fannie Mae Mean?

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

3 tips to ensure your sale goes through What Must I Disclose When Selling My Home? Why Use a Real Estate Agent? Mortgage Loan Types 7 Things to Consider Before Moving to a New City

FAQ

What is a qualifying ratio? What is a maintenance fee? What is a spec house? What is a mortgage insurance premium (MIP)? What is a gift letter?