Minimum Rated Risk
Definition of "Minimum rated risk"
In insurance, charging the lowest rate accorded an insurance policy covering a minimum risk classification situation. For example, a homeowner's insurance for a home located within 500 feet of a fire hydrant, having smoke detectors, a burglar alarm, and constructed from fireproof material may qualify for the minimum rated risk.
Popular Real Estate Terms
Unregistered stock or bond that pays the holder dividends (if stock) or interest (if bonds) as well as the selling price when sold (if stock) or principal (if bonds are held to maturity). ...
Funds of property bestowed upon a person or an institution. The income is used to serve a specific purpose for which the endowment was intended. ...
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Timber in an original form, such as a pole. ...
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Factor in real estate appraisal. A type of physical depreciation owing the lack of normal upkeep, such as broken glass and doors and discolored paint that negatively impacts the value of ...
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Two or more authorized brokers who agree to cooperate together representing a principal for the completion of a real property sale. ...
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