Real Estate Glossary Terms

• Writ

  Judicial order requiring the named person or business to act or not act on something. An example is an order to a tenant to make rental payments to a landlord. ...

• Accredited Advisor In Insurance (AAI)

  professional designation earned after the successful completion of three national examinations given by the insurance institute of America (IIA). Covers such areas of expertise as insurance production (insurance sales, exposure identification, legal liability, personal lines insurance, commercial l ...

• Associate In Marine Insurance Management (amim)

  Professional designation earned after the successful completion of six national examinations given by the insurance institute of America (IIA). Covers such areas of expertise as ocean marine insurance, inland marine insurance, principles of risk management and insurance, insurance company operations ...

• Savings Bank Life Insurance (sbli)

  Low-cost life insurance sold by savings banks in the states of Connecticut, Massachusetts, and New York. SBLI is a popular source of life insurance in these states for two reasons: it is offered in bank lobbies, which makes it convenient; and there are no commissions, as with commercial life insuran ...

• Zero Coupon Bonds

  Bonds that are sold at discount from their maturity value with the interest compounding and paid at the bond's maturity date. Even though these bonds do not pay interest until maturity, the interest that accrues each year becomes taxable income in that year. These bonds can be purchased to provide a ...