Eminent Domain

Definition of "Eminent domain"

Governmental right to take private property for public use as long as fair compensation is paid to the owner. Roads, parks, public parking, and other public and social purposes are obtained in this manner. A condemnation proceeding is required when the government exercises this right.

Search Real Estate Glossary

Related Real Estate Glossary terms

Coverage Part

Section of the insurance policy that lists all of the provisions that are applicable to the insuranc ...

Business Interruption Insurance

Indemnification for the loss of profits and the continuing fixed expenses. Business interruption ins ...

Unauthorized Practice Of Law

Act of practicing law or providing legal advice without a license. ...

Negotiated Contribution Plan

Defined contribution pension plan in which employer contributions are set under a collective bargain ...

Contents Replacement Cost Protection

Optional feature included in some homeowners insurance policies that pays the replacement cost of an ...

Financial Institutions And Markets

Institutions acting as intermediaries between suppliers and users of money. The financial markets ar ...

Related Real Estate FAQ

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is Hazard Insurance?

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

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

What Is Homeowners Insurance?

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

What Is An Origination Fee?

An origination fee is a fee paid to a lender for processing a loan application. ...

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 do Real Estate Attorneys do? How is Square Footage Determined? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? What Must I Disclose When Selling My Home? 3 tips to ensure your sale goes through

FAQ

How much Life Insurance do I need? Do I need Earthquake Insurance? What is a basic policy? What is an index? What is a treasury index?