Indestructibility | Real Estate Glossary

Definition of "Indestructibility"

Mariette Gagne

Market Place Realty, Inc.

Characteristic of a trust that prevents the invasion of its principal by the trustees while providing a lifetime income to its principal beneficiary with the rest going to the son's children or to the daughter's children in the event the son fails to have children.
Characteristic of a material or of a design causing it to be extremely durable even under the most extreme circumstances. For example, a bomb shelter is designed to have a high level of destructibility in order to protect its occupants under the most extreme wartime conditions.

Time interval during which policy is in force. ...

An asset. The term cost is often used when referring to the valuation of acquired property. When ...

Subdivided acreage with utilities usually situated within or adjacent to established communities. ...

Form provided for an inspection report. ...

Person or business susceptible to loss on an investment, such as a high-risk speculation ...

same as term Lost Policy Receipt: life insurance company form to be signed by a policyholder who wi ...

A survey is an examination of a property\'s boundaries to determine the quantity of land, location o ...

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

An easement is the right given by the landowner to use the property. ...

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