The law that is assigned to a dispute when one or more laws could be used. An example can be in the case of a dispute in overseas sales. The […]

a term that applies to any interested party in a law suit who will be bound by the decision.

This is used to compute the value in both economic and environmental terms of any natural resource . It will determine if the resource is worth mining or extracting from […]

The ownership of a thing is the right of one or more persons to possess and use it to the exclusion of others. In this Code, the thing of which […]

a statute that makes uniform all of the laws of property throughout a country.

Insurance protecting property from damage or loss. The perils covered are listed in the contract. The perils not covered are also listed such as war, terrorism, or neglect. The insured […]

This is the ratio between the equipment used and the turnover acquired by a business. The formula is the average total of equipment and property used in aperiod and the […]

Property insurance that protects against peril and negligence . Refer to properth and causality insurance

a term for the rights that belong to both a husband and a wife.

The physical and tangible damage or destruction that is done to property. It can be damage dome by people such as broken windows or it can be classed as acts […]

Insurance that covers damage to other peoples’ property if the insured is found to be liable for an accident.

Insurance cover that is used to protect the property of another person from damage and injury. It is usually combined with a body injury liability policy.

This is a payment that is made to the owner or a stake holder of an investment. Share holders receive a dividend each year depending on the number of shares […]

This is an insurance policy that will protect your property or another persons property for any damage as a result of vandalism and destruction . Usually not all acts of […]

This is a register of losses that have been compiled by the American Insurance Association that amount to more than $500. The losses are for those incurred through fire and […]

The term used by real estate agents when they manage the leasing, maintaining and advertising for a particular house or business. It can include finding tenants, collecting rent monies and […]

This property relates to items such as furniture and other office supplies that are not included as either property or money that still have some value to the owner. It […]

The individual or company that has owners rights to the property such as a block of land or building. The property owner is responsible for the payment of any rates […]

Reinsurance given to an insurer to protect against losses incurred on each line at a specified amount.

the term that describes property belonging to a person or person’s and not to a community.

A complete list of all aspects that are related to the property such as a hotel that includes all maintenance and other requirments that are needed to ensure the proper […]

the opposite of private property and is owned by a state, local or federal community.

a term used for land and anything that is on it like buildings and things beneath it or growing on it.

The rights given to the person or persons who have a right to own the property through purchase or bequest. These are basic rights in any society though absolute right […]

the name of an agreement between a couple who are going through divorce proceedings .