Bedrock

Definition of "Bedrock"

Solid rock that lies underneath soil providing a foundation on which to construct a building.

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Related Real Estate Glossary terms

Sine Qua Non Rule

Latin phrase meaning "without which not," signifying a legal rule in tort and negligence cases. Unde ...

Statutory Surplus

Excess funds above the amount required to establish legal reserves for the policies in force. These ...

Approval Conditional Premium Receipt

Insurance policy in force only after the insurance company approves the application. Today, most com ...

Vendee

One who buys real property. ...

Debt Service

The interest and principal paid on a loan. Debt service is normally paid biweekly, monthly, quarterl ...

Demographics

Evaluation of housing requirements based on family size, ages, occupations, marital status, and othe ...

Related Real Estate FAQ

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

What Is Escrow?

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

What Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

What Is An Investment Property?

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

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

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What is an assumable mortgage? What is a subdivision? What are the benefits of Commercial Auto Insurance? What is a point? What is an assessed value?