Keller Williams Baxter Village

Real Estate Glossary Terms

• Grout

  Cement or mortar with a high moisture content developing it into a slurry solution allowing the ability to be poured or pumped into crevices, fissures, and masonry cracks and joints. ...

• Tax Lien

  Claim made by a federal or local government agency against a taxpayer's property for delinquent or overdue taxes. The tax lien is effected through tax assessment, demand, and failure to pay. In some cases, a lien may be applied to property held by a third party. One the taxes are paid, the lien is r ...

• Inland Transit Insurance Policy

  Particular type of inland marine insurance. ...

• Monetary Policy

  Federal regulation of the money supply through changing commercial bank reserve requirements and interest rates, thereby stimulating the economy or deflating the economy. ...

• Naic: Model Life Insurance Disclosure Regulation National Association Of Insurance Commissioners

  Model state law of the NAIC that requires that the insurance company and agent provide a prospective insured with written information concerning the cost and benefits of the life insurance policy under consideration for purchase. The information to be provided must be in the form of a buyer's guide ...