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risk |
Risk is all the good and bad things that can happen to the property. From the date on which risk passes, the buyer receives any benefit or loss associated with the property. If, for example, gold was found on the property, the buyer would benefit. Much more important, if the house burnt down, it would be the buyer's loss. Sellers must keep the property insured until the day risk passes, and Purchasers must make sure that the property is properly insured from that date onwards. Would you like to add another definition for "risk" to the Real Estate Dictionary? Terms that closely resemble "risk":risk - Risk is all the good and bad things that can happen to the property. From...risk-based capital - The amount of capital necessary to absorb losses throughout a hypothetica... 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |
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