Repudiation


Definition of "Repudiation"

Patricia Chapa
  Smart Group Realtors

refusal of one party to a contract to carrying out his or her responsibilities under the
agreement. An example is when a builder refuses to perform previously agreed services for the buyer
of a new house, such as waterproofing and insulation.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Brokerage General Agent

Independent contractor of the insurance company who has the authority to appoint brokers on behalf o ...

Mortality Table

Chart showing rate of death at each age in terms of number of deaths per thousand. ...

Blueprint

(1) Architectural plan of a structure in the form of a picture in white on a blue background. Contai ...

Stop Loss Reinsurance

Protects a cedent against an aggregate amount of claims over a period, in excess of a specified perc ...

Engineering Approach

Approach in loss prevention placing emphasis on physical features of the workplace as a potential ca ...

Termination Rate

Measure of the rate at which policies are cancelled or allowed to lapse. The termination rate is a f ...

Related Real Estate FAQ

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

What Is A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

What Is An Annuity?

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

What Do I Need To Know About Whole Life Insurance?

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death ...

Do I Need Flood Insurance?

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

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? 6 Reasons you are not selling properties Foreclosure - The Pros and Cons of Buying What is Escrow and how does it Work? Why Use a Real Estate Agent?

FAQ

What do I need to know about Whole Life Insurance? Do I need Life Insurance? What does preapproved mean? I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase? What is a Ginnie Mae?