Tortfeasor


Definition of "Tortfeasor"

Olga MacKenzie
  Signature Sotheby's International Realty

One who has committed a tort. A tort is a civil wrong that occurs as a result of a breach of legal duty owed to someone, e.g., negligence. A tort does not arise from a breach of contract.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Secured Note

Written obligation of a borrower that is backed by collateral in the event of default. The lender mu ...

QV (quod Vide)

Latin abbreviation for the literal translation meaning" which see". ...

Revenue Ruling 59-60

Ruling that is the most significant source for the valuation of closely held corporation capital sto ...

Group Health Insurance

Coverage underwritten on members of a natural group, such as employees of a particular business, uni ...

Joint Venture

Agreement of two or more insurance companies to provide a product or service. ...

Deflation

General decrease in prices. It is the opposite of inflation and different from disinflation, which ...

Related Real Estate FAQ

What Does A Back-end Ratio Mean?

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then so ...

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

What Are My Coverage Options?

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

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

Tax Breaks for the First Time Home Buyer Home Prices - The Extra Costs What is Escrow and how does it Work? 5 U.S. Cities with the Best Public Transportation What is Hazard Insurance?

FAQ

When Should I Get Travel Insurance? What is a term? How can I figure out my debt-to-income ratio? What is an escrow officer? What are the benefits of Commercial Auto Insurance?