Caveat Vendor


Definition of "Caveat vendor"

A caveat vendor is a legal principle where the seller is legally responsible for warranting the quality and suitability to task of the item purchased.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Blended Loan

Refinancing by a borrower in which the new interest rate takes into account the interest rate on the ...

Increased Cost Of Construction Clause

Coverage if state or municipal law requires that a damaged or destroyed building must be rebuilt at ...

Easement

Right of one party to use land owned by another party. For example, an electric utility can obtain a ...

Catastrophe Futures

Financial instrument traded on the Chicago Board of Trade (CBOT). By purchasing this future, the ins ...

Yield On Assets

Annual or other periodic rate of return on investments. Because life insurance companies act as cust ...

Direct Writing Agent

Same as term Captive Agent: representative of a single insurer or fleet of insurers who is obliged t ...

Related Real Estate FAQ

Should I Consolidate My Debt?

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

How Big Is An Acre?

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

What Is An Easement?

An easement is the right given by the landowner to use the property. ...

What Is Hazard Insurance?

Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is A Basic Policy?

A basic policy is a homeowners insurance policy that covers certain perils. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Build or Buy? That’s the Big Question How Does The Home Loan Underwriting Process Work? Home Prices - The Extra Costs Short Sale Homes 10 Tips for Homebuyers

FAQ

What is a qualifying ratio? Do I need Earthquake Insurance? What is a commitment letter? What is commission? What is a quit claim deed?