Property And Casualty Policy
Definition of "Property and casualty policy"
Insurance contract providing coverage for risks primarily associated with negligence and acts of omission associated with third-party injuries or property losses. Property and casualty policies normally exclude losses associated with war, riots, and unreasonable negligence.
Popular Real Estate Terms
Evaluating a locality to determine its value and appropriateness for designated objectives. ...
Income for investors arising from net long-term profits of a real estate mutual fund realized when the portfolio is sold at a gain. Fund managers pass on profits from sales of real estate ...
(1) Any asset purchased for use in production over long periods of time rather than for resale. It includes land, buildings, plant, and timber reserves. (2) In taxation, property held by a ...
Recording an expenditure having a benefit of more than one year to the cost of the property. ...
Legally proper instrument under seal that transfers title to real property from the seller to buyer. ...
A floor where the binding joists support the common joists above and the ceiling below. ...
Bond whose interest is free of federal, state, or local tax in the state of the issuer. It is typically a municipal bond of estate or county agency. For example, a New York City resident ...
A court order on an issue directly related to the immediate action. ...
An upper limit on the interest rate that can be charged in a variable rate mortgage over its life. For example, a variable rate loan is initially offered at 7% loan rate, and its interest ...
Have a question or comment?
We're here to help.