State Housing Act

Definition of "State housing act"

Law of the state establishing guidelines and requirements for constructing buildings. The standard may differ between the states.

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Gross Income

Total income before adjustment for deduction as applied to tax calculation for both the individual a ...

Direct Reduction Mortgage (DRM)

A fully amortized mortgage necessitating periodic payments of both interest and principal. In the e ...

Omissions Clause

Provision of a treaty reinsurance contract stating that if an insurer fails to report a risk that wo ...

Basic Mortality Table

Mortality table that is a picture of the actual living and/or dying of the population (the universe) ...

Surety Bond

Contract by which one party agrees to make good the default or debt of another. Actually, three part ...

Owner's Designated Beneficiary

Designated individual who is to receive the policyholder's interest in the policy should the policyh ...

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General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

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A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

What Is A Spec House?

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What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

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