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Popular Real Estate Glossary Terms
Protection for a mortgagee guaranteeing that the mortgagor will complete construction. The mortgagee (such as a savings and loan association) lends money to the mortgagor (the owner of the ...
Annuity payments that continue for the life of the annuitant; should the annuitant not survive a stated period, the payments are then made to a beneficiary until the stated period ends. ...
Refusal by an insurance company to underwrite a risk. ...
Term or whole life policy with a face value that increases over time. ...
Interest earned but not yet paid for a period of time that has elapsed since the last interest payment. ...