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competent

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
competent
(1) Duly qualified; having sufficient ability or authority. (2) Having the legal ability to testify about a particular subject. In real estate, the concept is important because property owners are usually competent to testify about the value of their property before a loss and the value of their property after a loss.In other words,it is not legally necessary to hire an appraiser to testify,although it is prudent as a practical matter.


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