Recession Of Contract | Real Estate Glossary

Definition of "Recession of contract"

Roberto Rodriguez

Olive Branch Realty

Cancellation of a contract such as when a real estate agreement is deemed
illegal.

Coverage during the operation of a ship for: Property of Ship (ship's hull, tackle, passenger fitti ...

Insurance company that transfers a risk to a reinsurance company. ...

Something that is of good value for the money and an attractive deal. ...

Quarter credited, for retirement benefits under Social Security, when the worker's earnings exceed a ...

U.S. tax law that consists of regulations and rules to be followed by taxpayers. The Internal Revenu ...

A procedure in which the employer has absolute liability for the injuries incurred by the employee a ...

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

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A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

This calculator figures how much interest savings you will have depending on how much extra you pay ...

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

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