Armslength Transaction | Real Estate Glossary

Definition of "Arm’s-length transaction"

Transaction between unrelated entities or individuals acting in their own interest.

Loss experience of a given insured. ...

Provision for every citizen of the United States to be guaranteed by law the right to purchase healt ...

Minimum amount of coverage for which a company will write a liability insurance policy. ...

Mortality table that is a picture of the actual living and/or dying of the population (the universe) ...

Written contract between an insured and an insurance company stating the obligations and responsibil ...

A boundary line for a lot described in a plat book. ...

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

A mortgagor is the borrower. ...

Line of insurance, which included coverages that are designed to protect the insured against a loss ...

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

An investment property is a property you purchase with the intension of using it as a rental income ...

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