A Building code – also referred to as building control or building regulations – is a set of rules by which a construction project needs to abide. Building codes are geocentric; that is, they are determined by their localization and can change from region to region. For instance: one ne...

Heterogeneous (as opposed to homogenous) means diverse in nature applied to a place or object composed of separate and distinct parts. In other words, heterogeneous describes something that consists of elements that are not similar or the same kind. For example, the US population is colorful and het...

In homeowners insurance, usually an 80% coinsurance requirement, which means the insured must carry insurance on the value of a home on a replacement cost basis of at least 80%. For example, a home is worth $200,000, and a fire does $50,000 damage. If there is $150,000 of insurance, it may appear th...

Principle that holds that social insurance programs should be for the benefit of lower socioeconomic segments of society and not for that segment of society that does not require financial assistance....