Family Room

Definition of "Family room"

Room in a home where the occupants spend their leisure time.

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Related Real Estate Glossary terms

Secure Money Annuity Or Retirement Trust (smart)

Proposed new small business pension plan advocated in President Clinton's administration's fiscal ye ...

Benchmark Surplus

Additional amount of surplus from an additional amount of capital necessary to act as a supplement t ...

Cantilever

(1) Bracket used to support an extended eave or cornice on the outside of a house. (2) Truss or beam ...

Manufacturers Output Insurance

Coverage for personal property of a manufacturer on an all risks basis when that property is off the ...

Insuring Agreement, Property And Casualty Policy

Section of a policy specifying: parties to the contract (the insurance company and the person or bu ...

Seller Contribution

A contribution to a borrower's down payment or settlement costs made by a home seller, as an altern ...

Related Real Estate FAQ

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Gue ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mor ...

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

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