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Popular Real Estate Glossary Terms
Individual with legal privileges and obligations. The legal term is sometimes used for a corporation. ...
Modified endowment insurance policy under which the insured receives one-half the death benefit as the maturity value of the policy. ...
Inverse of the actuarial present value of a life annuity, taking the employee's life expectancy into account, to commence income payments at the normal retirement age of the employee. It is ...
Group of rental occupants acting together. ...
Ratio of excess losses to premium income. Excess losses are those that a reinsurer is responsible for if its coverage is in effect during the period under consideration. The premium income ...