First Quarter: The moon is one-half illuminated by the sun. Occurs when the moon's illumination is increasing, Waxing Gibbous: The moon is more than one-half illuminated by the sun but not completely illuminated. Occurs when the moon's illumination is increasing, Full Moon: The moon is totally visible in the sky. Except during a lunar eclipse, Waning Gibbous
Property Preservation â This term refers to the industry of professionals who provide services to banks and asset management companies on their foreclosure houses. Typical services provided are repair, inspection, insurance claim management and maintenance. Also known as Mortgage Field Services.
The portion of goods or property that has been saved or remains after some type of casualty, such as a fire. The term salvage is defined more specifically depending on the industry referring to it. In business, salvage is any property that is no longer useful but has scrap value. An example of business salvage is obsolete equipment. In insurance, salvage is the portion of property that the insurance company takes after paying the claim for the loss.