An interest in property with the right o possession being postponed into the future until a certain even occurs. There are several possibilities where a future interest in property could occur. One possibility is a present life estate which will pass to another individual having a future interest as...

Typically, a general contractor or GC in the real estate industry defines a person who signs a contract with a property owner or developer. Thus, they assume full responsibility for bringing a construction project to fruition. For this purpose, a general contractor hires and pays subcontractors to f...

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 fire or earthquake....

Same as term Participating Policy Dividend: life insurance contract that pays its owner dividends, which can be: taken as cash; applied to reduce a premium; applied to purchase an increment of paid-up insurance; left on deposit with the insurance company to accumulate at interest; and applied t...