Home Warranties

Definition of "Home warranties"

Warranties issued by contractors, sellers, and real estate agencies that protect home buyers from specified defects in a house as per the contract.

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Related Real Estate Glossary terms

Voidable Contract

Valid contract that can be canceled for cause by one or more parties to the contract. An insurance c ...

Restoration Of Plan

Authority of the pension benefit guaranty corporation (pbgc) to stop the termination of a pension pl ...

Investment Income

Earnings by an insurance company from dividends on its equity portfolio, rent from real estate and o ...

Recasting

revising the terms of a loan such as when the borrower is experiencing severe financial difficultie ...

Noninvestment Grade Bonds

Bonds that are less than investment grade plus the bonds that are in or approaching default, which c ...

Sinking Fund

Money set aside to pay for losses. Rather than buy insurance coverage for all potential losses, some ...

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What do I need to know about Term Life Insurance? What is a title search? What is a proration? What is a default? What is flood insurance?