Reinstatement Clause
Definition of "Reinstatement clause"
Provision in the insurance policy lapses due to premium nonpayment, all unpaid premiums must be paid, and any additional requirements must be satisfied before reinstatement can take place.
Popular Real Estate Terms
Having the intellect to comprehend the terms and conditions of a will and their impact. A testator must understand his or her estate and its eventual disposition and effects in order to ...
Thin layer or slate of baked clay, linoleum, or some other material that is used for covering floors, roofs, or as an ornament in a building. ...
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Monthly fixed rental payment. ...
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Offer to buy real estate provided certain conditions are met. ...
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