Omnibus Clause | Real Estate Glossary

Definition of "Omnibus clause"

Judy Griffin

Keller Williams

Provision in a will that stipulates that any assets not enumerated still pass to the heirs.
Clause in liability insurance policies that extends coverage to unnamed others beyond the insured.

In health insurance, the number of days for which benefits are paid to the named insured and his or ...

Land subject to an easement. ...

Amount still unpaid at a particular date on a loan or other financing agreement. ...

A building that is secondary to the main structure on the property. ...

Provision found in a life insurance policy that provides that certain benefits will be paid in the e ...

Incontrovertible reality forcing a judge in a trial to find evidence to the contrary unsupportable. ...

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

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

Over 90% of all presidential-declared disasters in the United States are flood related. Leveling for ...

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