Advance Funding


Definition of "Advance funding"

Scott Chappuis
  ReMax Flagstaff

Payment of premiums before their due date. In pension plans, premium payments are allocated to the payment of future benefits prior to benefits becoming payable.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Self-administered Plan

Qualified pension or other employee benefit where responsibility rests with an employer rather than ...

Passive Retention

Practice in which no funds are set aside on a mathematical basis to pay for expected losses. This oc ...

Dependent Properties Business Income Form

Form that provides insurance coverage for the insured in the event the damage or destruction of non- ...

Consumer Protection Act

Same as term Consumer Credit Protection Act: 1968 federal legislation that makes it mandatory for le ...

Entity

Individual corporation, and so on permitted by law to own property and engage in business. Here, two ...

Bank Letter

(1) Provided by a commercial or savings bank to the real estate company itself or to another party f ...

Related Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you ...

What Is An Amortization?

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

What Are Prepayment Penalties?

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

What Is Long Term Care Insurance?

Long-term care refers to a broad range of medical and personal care services designed to assist indi ...

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

7 Things to Consider Before Moving to a New City What is Earnest Money What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? 6 Reasons you are not selling properties Build or Buy? That’s the Big Question

FAQ

What is a Ginnie Mae? What is an appraised value? What are basis points? What is a gift letter? What is depreciation?