Asset

Definition of "Asset"

Economic resource that is anticipated to provide benefits to a business.

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Related Real Estate Glossary terms

Savings And Loan Association

Financial institution that channels the savings of its depositors mostly into mortgage and home impr ...

Post Mortem

Investigation into the causes of death. A post mortem is normally performed by a public coroner. It ...

Economic Rent

The amount of rent a property could command in the open market. See also market rent. ...

Pension Plans: Distributions

Prior to 1988, right to withdraw retirement assets before age 59 1/2 without having to pay a 10% pen ...

Disability Benefit

Income paid under a disability policy that is not covered under workers compensation benefits. It is ...

General Operating Expense

Costs incurred by an insurance company other than agent commissions and taxes; that is, mainly the a ...

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What Is A Mortgage Broker?

A mortgage broker is an intermediary who ensures a loan between a borrower and lender. The broker ta ...

What If They No Longer Make My Specific Computer?

The insurance company will replace it with a model as close to it as possible in the current retail ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

What Is Long Term Care Insurance?

Long-term care refers to a broad range of medical and personal care services designed to assist indi ...

What Is A Second Mortgage?

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. Th ...

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