National Flood Insurance
Definition of "National flood insurance"
Insurance based on the National Flood Insurance Program, enacted By Congress in 1968. The intent of this legislation is to provide insurance coverage for those people suffering real property losses as a result of floods. To encourage the buying property located in a flood plain area cannot be financed through a federally regulated lender unless flood insurance is purchased.
Popular Real Estate Terms
A projecting window located above the first floor that is supported by brackets. ...
Typically, a waiver means remission or giving up on a particular claim. You can find the term waiver widely used in real life, finance, and real estate terminology. How do waivers work? A ...
In taxation losses that can offset ordinary income. Assume john owns and operates an apartment house. Minor tenant damage to the property is used to offset rental income. ...
Interest based on a 360-day year instead of a 365-day year. The former is referred to as simple interest and the latter is termed exact interest. The difference between the two types of ...
What is a botel?, you ask. You know hotels, right? And the marketing denomination of them to motorists; the "motel”. Well, the best botel definition is “hotel for ...
Availability of houses in an area. ...
An interim or provisional court decree, which is not final and can be reversed or amended, normally issued to direct additional proceedings prior to issuing a final decree. For example, an ...
Decision rendered by a court of law. ...
Number of times a given amount of capital assets turn over to generate sales over a given period of time. ...
Have a question or comment?
We're here to help.