Administrative Expenses


Definition of "Administrative expenses"

Costs associated with the general administration of the insurance organization to include such items as utilities, rent, salaries, postage, furniture, and housekeeping charges.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Grantor Retained Annuity Trust (grat)

Irrevocable trust into which the grantor places assets and receives in turn a fixed amount of income ...

Construction Loans

Also called interim financing. A mortgage that provides the funds necessary for the building or con ...

Guaranteed Interest Rate Fixed Account

Account in which a predetermined interest rate is paid for a predetermined period of time. For each ...

Nichification

Proliferation in the number of loan, borrower, property, and transaction characteristics used by le ...

Environmental Impairment Liability (eil) Insurance

Coverage in the event that negligent acts and/or omissions by individual (s) and organization (s) re ...

Lath

Originally strips of wood approximately 1 to 1 1/2 inch wide, 1/4 to 3/8 inch thick by approximately ...

Related Real Estate FAQ

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

What Is A Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is An Annuity?

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What is Escrow and how does it Work? Mortgage Loan Types How To Get A Loan with Bad Credit 5 U.S. Cities with the Best Public Transportation When to Dispute Your Home Appraisal

FAQ

What is a seller takeback? What is an annuity? What is a convertible ARM? How can I figure out my debt-to-income ratio? What is a principal?