Cost Of Living

Definition of "Cost of living"

Cost to buy goods and services encompassed in an accepted standard level of consumption.

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Related Real Estate Glossary terms

Rentable Area

Geographic area that is attractive to prospective tenants. Square footage in an office building o ...

Basic Limits Of Liability

Required minimum amounts of coverage that an insurance company will underwrite. For example, for aut ...

Clear Title

Marketable title that is free of encumbrances and disputed interests. Clear title is essential in or ...

Rate Manual

Publication that lists premiums charged for products sold by an insurance company. A manual also has ...

Radioactive Contamination Insurance

Form of inland marine insurance under which an insured is indemnified for damage or destruction of h ...

Apportionment Of Basis

Allocating the price paid to purchase to or more properties based on their appraised values. ...

Related Real Estate FAQ

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

Do I Need Flood Insurance?

Over 90% of all presidential-declared disasters in the United States are flood related. Leveling for ...

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

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 ...

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