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Popular Real Estate Glossary Terms
See closed-end mortgage. ...
Percentage of first year's premium paid to compensate an insurance agent. This is known as the "First Years" to show how much new business the agent is generating, compared with renewal ...
Amount the interest rate of a variable rate mortgage can be raised or lowered in any consecutive 12-month period. ...
Total amount of commissions and expense allowances paid by the reinsurer to its ceding company minus the total amount of reinsurance commissions and expense allowances that, in turn, its ...
Termination of coverage in insurance. ...