Tag: property

DefinitionWater right in water law refers to the right of a user to use water from a water source, e.g., a river, stream, pond...

What is a 'Waiver Of Subrogation' A waiver of subrogation is a contractual provision where one party agrees to limit the rights...

What is 'Water Damage Legal Liability Insurance' A policy that provides financial protection to a person or business that unintentionally causes water...

What is 'Walk-Away Lease' A common type of car lease in which the lessee returns the car at the end of the...

What is a 'General Obligation Bond - GO' A general obligation bond (GO) is a municipal bond backed by the credit and...

DefinitionGarnishment is an American legal process for collecting a monetary judgment on behalf of a plaintiff from a defendant. Garnishment allows the plaintiff to...

Waiver Of Inventory Clause What is 'Waiver Of Inventory Clause ' A clause in an insurance policy that says that the...

What is Gazundering and how can you avoid it Gazundering is the act of reducing a purchase price at the last minute, usually just before...

DefinitionGazumping occurs when a seller accepts an oral offer on the property from one potential buyer, but then accepts a higher offer from someone...

What is Garage Liability Insurance and why do you need it Garage liability insurance is a type of insurance specifically for businesses that offer automotive...