Choose In Action

Definition of "Choose in action"

Claim or debt that may be recovered by instituting a lawsuit.

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Related Real Estate Glossary terms

Collection Commission

Commission paid to an agent as a percentage of the premiums he or she collects on debt insurance (ho ...

Means Test

Principle that holds that social insurance programs should be for the benefit of lower socioeconomic ...

Estate In Sufferance

The continued and illegal occupancy of property after a legal period of occupancy has expired. In an ...

Break-even

(1) Occupancy rate at which rental income of a property pays for operating expenses and debt service ...

Confusion Of Goods

Peril that occurs when personal property of two or more people is mixed to such an extent that any o ...

Skip Person

Person (the transferee to whom the property is transferred) who is at least two generations younger ...

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A title is the right of property ownership. ...

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Paid advertorials are articles written by public relations professionals that have just one goal in ...

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

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then so ...

What Do I Need To Know About Pet Insurance?

If you own a pet, i\'m sure you\'ve been in a situation where the vet bills have been much higher th ...

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

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