Appraiser

Definition of "Appraiser"

Individual having the necessary certification, education and experience to professionally evaluate real estate market value.

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Rate Of Surplus Formation Ratio

Insurance company's growth rate of adjusted surplus divided by its adjusted liabilities. The greater ...

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Excess Income(rent)

Rental income received from property that exceeds the costs of owning and maintaining the property. ...

Land Cost

The total cost of purchasing a land parcel. Land cost includes the purchase price, closing costs, co ...

Particular Average

expenses and damages incurred as the result of damage to a ship and its cargo, and/or of taking dir ...

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