Tag: owner

Named Beneficiary

What is 'Named Beneficiary' This term refers to any beneficiary named in a will, a trust, an insurance policy, pension plan accounts,...

Making Home Affordable

DefinitionThe Making Home Affordable program of the United States Treasury was launched in 2009 as part of the Troubled Asset Relief Program. The main...

Accelerated Death Benefit (ADB)

What is an 'Accelerated Death Benefit - ADB' An accelerated death benefit (ADB) is a benefit that can be attached to a...

Absentee Owner

What is 'Absentee Owner' An individual who owns a piece of real estate but does not live in it. An absentee owner...

Abeyance Order

What is 'Abeyance Order' An order that is temporarily placed on hold or held in suspension, due to prevailing circumstances, until it...

Abeyance

DefinitionAbeyance is a state of expectancy in respect of property, titles or office, when the right to them is not vested in any one...

Abandonment Clause

What is 'Abandonment Clause' A clause in a property insurance contract that, under certain circumstances, permits the property owner to abandon lost...
Abandonment and salvage

Abandonment And Salvage

Abandonment and salvage are two ways to deal with property. Abandonment is the process of giving up a property, while salvage is the process...

Abandoned Property

What is 'Abandoned Property' Assets such as cash, stocks, bonds, mutual funds, uncashed checks, land, life insurance policies and the contents of...

Sandwich Lease

What is 'Sandwich Lease' A lease in which a party rents property from the property owner and then subsequently leases it out...

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