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Real Estate /
Moving / Mortgage Glossary |
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The following is a
list of words and terminology used by realtors, loan officers
and moving companies, please read and use it as a reference,
check back often for new words added every month. |
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Accessorial
(Additional) Services: |
Services such as
packing, appliance servicing, unpacking, or piano stair carries
that you request to be performed (or are necessary because of
landlord requirements or other special circumstances). Charges
for these services are in addition to the transportation
charges. |
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Advanced Charges:
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Charges for services
not performed by the mover but instead by a professional,
craftsman or other third party at your request. The charges for
these services are paid for by the mover and added to your bill
of lading charges. |
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AMSA Certified
Mover: |
An interstate
carrier that transports your household goods shipment under its
own operating authority, granted by the Federal Highway
Administration. AMSA Certified Movers subscribe to the AMSA Code
of Conduct and have pledged to conduct their business in the
most efficient and professional manner possible. |
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AMSA Certified
Van Line: |
An interstate
carrier that transports your household goods shipment under its
own authority, granted by the Federal Highway Administration, on
a national basis. Van Lines use a network of agents throughout
the country to provide the origin, destination and hauling
services needed to accomplish your move. Like Certified Movers,
AMSA Certified Van Lines subscribe to the AMSA Code of Conduct.
They have pledged to conduct their business in the most
efficient and professional manner possible and are responsible
for the acts of their agents. |
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Appliance Service: |
Preparation of major
electrical appliances to make them safe for shipment. |
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Bill of Lading: |
The receipt for your
goods and the contract for their transportation. It is your
responsibility to understand the bill of lading before you sign
it. If you do not agree with something on the bill of lading, do
not sign it until you are satisfied that it is correct. The bill
of lading is an important document. Don't lose or misplace your
copy. |
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Binding/Non-Binding Estimate: |
A binding estimate
is an agreement made in advance with the mover that guarantees
the total cost of the move based on the quantities and services
shown on the estimate. A non-binding estimate is the carrier's
approximation of the cost based on the estimated weight of the
shipment and the accessorial services requested. A non-binding
estimate is not binding on the carrier and the final charges
will be based on the actual weight and tariff provisions in
effect. |
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Carrier |
The mover providing
transportation of your household goods. |
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C.O.D.: |
Transportation for a
private shipper for which payment is required at the time of
delivery to the destination residence (or warehouse). |
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Expedited
Service: |
An agreement with
the mover to perform transportation by a set date in exchange
for charges based on a higher minimum weight. |
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Flight Charge: |
An extra charge for
carrying items up or down flights of stairs. |
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Guaranteed Pickup
and Delivery Service: |
An additional level
of service whereby dates of service are guaranteed, with the
mover providing reimbursement for delays. This premium service
is often subject to minimum weight requirements. |
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High Value
Article: |
Items included in a
shipment that are valued at more than $100 per pound. These
items should be disclosed to the mover to ensure they are
protected accordingly. |
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Inventory: |
The detailed
descriptive list of your household goods showing the number and
condition of each item. |
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Linehaul Charges: |
Charges for the
vehicle transportation portion of your move. These charges apply
in addition to the additional service charges. |
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Long Carry:
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An added charge for
carrying articles excessive distances between the mover's
vehicle and your residence. |
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Order for
Service: |
The document
authorizing the mover to transport your household goods. |
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Order (Bill of
Lading) Number: |
The number used to
identify and track your shipment. |
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Peak Season
Rates: |
Higher linehaul
charges that are applicable during the summer months. |
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Pickup and
Delivery Charges: |
Separate
transportation charges applicable for transporting your shipment
between the SIT warehouse and your residence. |
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Shuttle Service: |
Use of a smaller
vehicle to provide service to residences that are not accessible
to the mover's normal linehaul equipment. |
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Storage-In-Transit (SIT): |
Temporary warehouse
storage of your shipment pending further transportation; for
example, if your new home isn't quite ready to occupy. You must
specifically request SIT service, which may not exceed a total
of 180 days of storage, and you will be responsible for the
added charges for SIT service, as well as the warehouse handling
and final delivery charges. |
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Valuation: |
The degree of
“worth” of the shipment. The valuation charge compensates the
mover for assuming a greater degree of liability than that
provided for in the base transportation charges. |
