Counterclaim

Definition of "Counterclaim"

Counter action by a defendant against a plaintiff. It is an independent action and just a denial of plaintiff's action.

Search Real Estate Glossary

Related Real Estate Glossary terms

Revaluation

Reconsideration of the value of real property. An example is getting property appraised each year t ...

False Imprisonment

Tort of wrongful physical confinement of an individual. This is not restricted to physical confineme ...

Past Service Liability—initial

Funding of an employee's benefits in a pension plan for his or her beginning past service of employm ...

Accelerative Endowment

Life insurance policy option under which the dividends that have accrued may be applied to mature th ...

Valuation Of Loss

Method of setting a dollar value on loss suffered by an insured. In some cases, a loss is straightfo ...

Nonadmitted Insurance

Policy purchased by an insured from an insurer in another state. This insurer is not licensed in the ...

Related Real Estate FAQ

What Is The Tax Benefits Of Buying A Home?

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

What Is A Fixed-rate Mortgage?

A fixed-rate mortgage is a type of mortgage in which the interest rate is fixed for the life of the ...

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

What Is A Subdivision?

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

What Is Homeowners Insurance?

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard in ...

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

What is Escrow and how does it Work? Why Right Now is a Good Time for Millennials to Buy a Home Why Use a Real Estate Agent? How to become a real estate agent 10 Tips for Homebuyers

FAQ

What is an easement? What is a private Mortgage? What is homeowners insurance? How Much Can I Afford ? What are closing costs?