Subrogate
Substituting one party for another in an action giving that party full rights or claims. Foe example, an insurance company pays the insured for a fire loss caused to the home by a third party. After the insurance company reimburses the insured for the loss, the insurance company 'now stands in the insured's shoes"" and sues the third party for the damages.
Popular Real Estate Terms
The term “a priori” can be pretty puzzling in real estate. Originating from Latin, “a priori” translates to "from the earlier" or "from the former." This concept, ...
A roof having two slopes on each side. The second slope is longer than the first part of the roof and extremely steep. ...
Neighborhood square somewhat resembling a park. It is often owned by town or row house owners situated near the square. ...
Connected group of wires, woods, or other materials surrounding real property to either protect it or act as a barrier against others. ...
Land zoned for industrial use including manufacturing, factory office and warehouse space, research and development. ...
The central core of an urban area. The inner city contains the major commercial center, termed the central business district (CBD). Close to the inner city are also some of the poorest ...
Structural, storage, and shelving characteristics associated with a warehouse. ...
New cost less accumulated depreciation to date. ...
Timber in an original form, such as a pole. ...

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