Advance Premium


Definition of "Advance premium"

Denise Dutson
  Kinlin Grover Real Estate

Premium paid before the due date. For example, a premium is due on July 1, 2000, but the insured actually makes the premium payment on January 1, 2000, receiving a premium discount.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Piti

Abbreviation for Principal, Interest, Taxes, and Insurance. Generally, for the time period of the lo ...

Tract House

Structure that has the same blue print and design as all the other homes in a given development; the ...

Insuring Agreement, Property And Casualty Pol­icy

Section of a policy specifying: parties to the contract (the insurance company and the person or bu ...

Financial Reporting

Recording and presentation of financial statements, such as the annual statement, by the insurance c ...

Funding Standard Account

Approach in pension plan funding under which a separate account is maintained for comparing actual c ...

Single-Lender Web Site

A Web site of an individual lender offering loans to consumers. Most Internet shoppers want a list ...

Related Real Estate FAQ

What Is A Lease Purchase Mortgage?

A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property ...

What Is An Assessed Value?

The public tax assessor value of a property as determined for the purpose of taxation. ...

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to en ...

What Is A Closing?

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

What Do I Need To Know About Homeowners Insurance?

It is where you live and where your possessions are. Chances are, it\'s your asset. But more than po ...

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

When to buy a house How is Square Footage Determined? Top Five Reasons Your Home Offer was Rejected Short Sale Homes 10 Tips for Homebuyers

FAQ

What is an origination fee? What is earnest money? What is Loan Amortization? What is a FHA mortgage? What is an inspection?