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Original Cost Less Depreciation

Actual price paid for property when acquired, minus depreciation. Original cost less depreciation is ...

Unencumbered

Real property that is without any obligations, liens, or anything else against it. It is free and cl ...

Per Capita

Distribution of a deceased beneficiary's share of an estate among all of his or her living heirs. Co ...

Conditional

Terms specifying obligations of an insured to keep a policy in force. For example, an insured must p ...

Suspension Of Coverage

Interruption of insurance provided for in most property insurance policies under circumstances where ...

Envirosources

Search engine site that emphasizes the fields of environmental risk management, environmental engine ...

Related Real Estate FAQ

What Is A Mortgage Insurance Premium (MIP)?

A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

Should I Consolidate My Debt?

Discover your potential monthly savings by combining your bills into a single source. Eliminate high ...

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

What Is The Tax Benefits Of Buying A Home?

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

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What are basis points? Should I Pay Points for a Lower Rate? What are prepayment penalties? What is cooperative? What is a second mortgage?