Inheritance

Definition of "Inheritance"

Personal property or real property that are passed on to heirs upon one's death.

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Collateralized Mortgage Obligation (CMO)

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Total premiums received by a property and liability insurance company without any adjustments for th ...

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The practice of acquiring land for a future use. For example, a franchising company is projecting ra ...

Gable Roof

A roof forming a triangle from the eaves to the ridge of the roof. ...

Garage Insurance

Coverage for bodily injury, property damage or destruction, for which the insured garage and/or its ...

Jumbo Mortgage

A mortgage larger than the maximum eligible for purchase by the two federal agencies, Fannie Mae and ...

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Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

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

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An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

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A default is when a person fails to make payments on a loan. ...

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A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

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