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For example, consider a tenant who signs an agreement to rent a house for a year, but moves out (and stops paying rent) after only one month. The landlord may be able to sue the tenant for breach of contract: however, the landlord must mitigate damages by making a reasonable attempt to find a replacement tenant for the remainder of the year.
Loss mitigation [1] is used to describe a third party helping a homeowner, a division within a bank that mitigates the loss of the bank, or a firm that handles the process of negotiation between a homeowner and the homeowner's lender. Loss mitigation works to negotiate mortgage terms for the homeowner that will prevent foreclosure.
Loss mitigation is one of many responsibilities your servicer oversees. Ultimately, it’s in the servicer’s best interest to help you repay your mortgage or at least reduce losses for both ...
Mitigation planning identifies policies and actions that can be taken over the long term to reduce risk, and in the event of a disaster occurring, minimize loss. Such policies and actions are based on a risk assessment , using the identified hazards , vulnerabilities and probabilities of occurrence and estimates of impact to calculate risks ...
Loss and damage (in the context of climate change) is a concept to describe results from the adverse effects of climate change and how to deal with them (beyond climate change adaptation). [1] There has been slow progress on implementing mitigation and adaptation. Some losses and damages are already occurring, and further loss and damage is ...
For example, compensatory mitigation, including wetland mitigation banking. Mitigation banking is a system of debits and credits that is market-based. It is used primarily in the United States as part of the No Net loss Policy. This involves a system of mitigation banks.
A uniformed retail loss prevention employee for Target. Known as a Target Security Specialist . Retail loss prevention (also known as retail asset protection) is a set of practices employed by retail companies to preserve profit. [1] Loss prevention is mainly found within the retail sector but also can be found within other business environments.
Environmental mitigation can be defined in various ways depending on the institutions and countries where the term is applied, or on the framework that is used to guide mitigation. For example, it may be defined as the process by which measures to avoid, minimise, or compensate for adverse impacts on the environment are applied. [1]