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Popular Real Estate Glossary Terms
One-year coverage that is renewable at the end of each year. Since the group plan is subject to experience rating, the premium rate upon renewal is based on such factors as the loss record ...
A rate lock, plus an option to reduce the rate if market interest rates decline during the lock period. ...
real property located in a metropolitan, heavily populated area. ...
Law involving noncriminal issues such as breach of contract, libel, slander, and accidents. ...
Typically, the term rider defines a financial concept, implying a written modification applied to an insurance policy, altering its initial clauses and provisions. The rider can update the ...