Tag: property
Hammering
DefinitionA hammer is a tool or device that delivers a blow to an object. Most hammers are hand tools used to drive nails, fit...
Hazard Insurance
DefinitionHome insurance, also commonly called homeowner's insurance, is a type of property insurance that covers a private residence. It is an insurance policy that...
Yupcap
What is 'Yupcap'
A slang term for a young urban professional who cannot afford property. Yupcaps are people in their late twenties or early thirties...
Impound
What is 'Impound' An account maintained by mortgage companies to collect amounts such as hazard insurance, property taxes, private mortgage insurance and...
Immediate Family
What is an 'Immediate Family' Immediate family members usually include a person’s parents, spouse, children and siblings. A person’s grandparents, grandchildren, in-laws...
In Escrow
What does 'In Escrow' mean In escrow is an item such as money or a piece of property that has been transferred...
Implied Warranty Of Habitability
The implied warranty of habitability is a legal doctrine that requires landlords to ensure that their rental properties are fit for human habitation. If...
Implied Warranty
DefinitionIn common law jurisdictions, an implied warranty is a contract law term for certain assurances that are presumed to be made in the sale...
Immediate Beneficiary
What is an immediate beneficiary
An immediate beneficiary is a person or entity who receives benefits from a trust or other financial arrangement immediately, as...
National Association of Realtors – NAR
DefinitionThe National Association of Realtors, whose member brokers are known as realtors, is a North American trade association for those who work in the...