Definition of "Layering"
Combination of insurance policies on property with each providing an additional increment of coverage exceeding the limits of the preceding policy. For example, policy A adds $70,000, then policy B adds $80,000, and the policy C adds $100,000, and the policy D adds $130,000, for a total coverage of $380,000. In some instances, a person may have to take out several policies from different insurance companies to obtain the total required coverage.
Popular Real Estate Terms
Release of a portion of a property from a mortgage. ...
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Increase in the value of real or personal property. The price may increase because of a number of factors, such as shortage in supply, improved economy , favorable political environment, ...
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Money payments to be delayed for a future date or extended over a period of time. ...
The Federal Reserve Bank's regulation applying to the amount of credit that may be advanced by brokers and dealers to customers to buy securities. ...
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Written enumeration of the desired selling prices associated with homes or office buildings for sale. The prospective buyer can then determine if the properties for sale are within his ...
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