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Glossary of Terms > L > Liabilities

Liabilities

A person's financial obligations. Liabilities include long-term and short-term debt, as well as any other amounts that are owed to others. Liability insurance is usually part of a homeowner’s insurance policy, and provides protection against claims alleging that a property owner's negligence or inappropriate action resulted in bodily injury or property damage to another party.

L Terms

Lease

Lease Option

Liabilities

Lien

Life Cap

Line of Credit

Liquid Assets

Lis Pendens

Listing Price

Loan

Loan Officer

Loan Origination

Loan Servicing

Loan-to-Value Ratio

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