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Extended coverage policy
Extended coverage policy A title insurance policy that covers risks normally excluded by most standard coverage policies. The standard policy normally insures the title only as shown by the public records.
RELATED TERMS--------------------------------------
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
SIMILAR TERMS--------------------------------------
Extended redemption penalty
An early redemption charge that lasts beyond the benefit period is referred to as an extended or overhanging redemption penalty.
Extender clause
1) A condition, once found in most listing forms, providing that the listing would continue for a set period of time, such as 90 days, and then would be automatically renewable until the parties agreed to terminate it. 2) A "carryover" clause (often referred to as a safety clause) may be contained in a listing.
Extension option
Right granted by the landlord which provides the option of adding more space to the premises.
Extensions
Written or verbal extensions of dates in the offer to purchase and the purchase and sale agreement.
External depreciation
Reduction in a property's value caused by outside factors (those that are off the property).
External obsolescence
A type of incurable depreciation caused by negative factors not on the subject property, such as environmental, social or ecomomic forces.
PREVIOUS AND NEXT TERMS--------------------------------------
Experian
One of the Big Three credit bureaus, along with Equifax and Trans Union.
Expiration date and time
A section of the offer to purchase designed to give the offer a time limit after which the offer is withdrawn.
Express agency
A stated (written or verbal) agency agreement.
Express agreement-contract
An oral or written contract in which the parties state the contract's terms and express their intentions in words.
Express authority
The stated (written or verbal) authority of an agent.
Extended coverage policy
Extended redemption penalty
An early redemption charge that lasts beyond the benefit period is referred to as an extended or overhanging redemption penalty.
Extender clause
1) A condition, once found in most listing forms, providing that the listing would continue for a set period of time, such as 90 days, and then would be automatically renewable until the parties agreed to terminate it. 2) A "carryover" clause (often referred to as a safety clause) may be contained in a listing.
Extension option
Right granted by the landlord which provides the option of adding more space to the premises.
Extensions
Written or verbal extensions of dates in the offer to purchase and the purchase and sale agreement.
External depreciation
Reduction in a property's value caused by outside factors (those that are off the property).
This dictionary contains 6433 terms. |
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