residential service contract

residential service contract definition - business

residential service contract

An insurance contract purchased by a home buyer to cover the cost of specified repairs or replacements during a defined period.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.