Right To Rescind | Real Estate Glossary

Definition of "Right to rescind"

A person has the option of canceling a contract previously agreed to.

Proceeds from a life insurance policy paid on a monthly basis instead of in a lump sum. ...

Room containing a toilet and wash basin, but does not include a shower or bath tub. ...

Coverage for personal effects of a tourist, including apparel, books, toilet articles, watches, jewe ...

Clause found in an annuity contract that enables the owner of that contract to withdraw his or her m ...

Reserve at the beginning of the policy year that is equal to the terminal reserve for the preceding ...

Circumstance where no people or contents occupy or are kept in a building for at least 60 consecutiv ...

A subdivision is a piece of land divided into several plots in which homes are built. ...

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

The public tax assessor value of a property as determined for the purpose of taxation. ...

Whether you are a .boomer. an .X-er. or an .empty Nester. it is never to or too late . to think abou ...

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

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