impaired property
Definition
A piece of property that includes the insured's defective or sub par work, and because of this, can no longer be used or is less useful. This property may also be less useful because the insured did not complete a contractual obligation.
Related Articles
- Buying Overseas Property in the UK *
- Steps to Take to Improve your Credit *
- The Importance of Estate Planning and Determining Your Net Worth *
- Sizing up a Financial Advisor *
- "Buy Butterfly" Option Investment Strategy *
- Consider Taxes When Picking Mutual Funds *
- Currency and Precious Metals as Investments *
- Types of Retirement Plans *
Related Videos
http://www.businessdictionary.com/definition/impaired-property.html
