Definition of "Indestructibility"

Mariette Gagne real estate agent

Written by

Mariette Gagneelite badge icon

Marketplace Realty

  1. Characteristic of a trust that prevents the invasion of its principal by the trustees while providing a lifetime income to its principal beneficiary with the rest going to the son's children or to the daughter's children in the event the son fails to have children.
  2. Characteristic of a material or of a design causing it to be extremely durable even under the most extreme circumstances. For example, a bomb shelter is designed to have a high level of destructibility in order to protect its occupants under the most extreme wartime conditions.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

The appearance definition isn’t as one might expect. The term itself is used in different ways, but they all are connected with perception or how something or someone is seen or ...

Time period that a round of regular recurring construction takes place. There may be boom and bust times in construction activity. ...

Roof design having two different pitches. See also gambrel roof. ...

Insurance affording protection against losses due to damage to or destruction of property or contents therein. Insurance protects assets and any future income thereon from loss, such as a ...

Cash flow before subtracting income taxes. ...

Amount awarded by a government when a person's property is condemned and he must move. ...

Levy charged to use something such as water supplied by the town. ...

Purchase of part of property or property rights when condemnation takes place. The owner must be justly reimbursed. ...

Business organized as a distinct legal entity with ownership evidenced by shares of stock. To form a corporation, "articles of incorporation" must be filed with the state. When approved, ...

Popular Real Estate Questions