Floodplain |
| An area of land adjacent to a body of water (such as a river) that receives overflow. According to FEMA, a floodplain is “any land area susceptible to being inundated by flood waters from any source.” Buyers looking to buy a new home are prudent to seek information that the home does not lie in a floodplain. |
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MortGage Glossary And Calculator |
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Financial Glossary |