Allocated Benefits


Definition of "Allocated benefits"

Suu OKeefe
  Long & Foster Real Estate

Payments in a defined benefit plan. Benefits are allocated to the pension plan participants as premiums are received by the insurance company. Since the benefits purchased are paid up, the employee is guaranteed a pension at retirement, even if the firm goes out of business.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Access Right

The right of a property owner to freely go to and return from an adjoining highway without interfere ...

Per Capita

Distribution of a deceased beneficiary's share of an estate among all of his or her living heirs. Co ...

Joint And Survivor Option

Settlement choice under a life insurance policy whereby a beneficiary may elect to have the death pr ...

Birth Rate

number of people born as a percentage of the total population in any given period of time. ...

Old Line Legal Reserve Company

Commercial life insurers that operate on the legal reserve system as opposed to fraternal life insur ...

Medicaid Qualifying Trust

Irrevocable living trust (rights to make any changes are forfeited by the grantor permanently) in wh ...

Related Real Estate FAQ

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

What Is A Buildable Acre?

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

What Is A Gift Letter?

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

What Is A Conventional Mortgage?

A conventional mortgage is a mortgage made by banks and other lending institutions that is not insur ...

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

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

Tax Breaks for the First Time Home Buyer What is Escrow and how does it Work? What do Real Estate Attorneys do? Should you Buy a Home with Cash? What is Hazard Insurance?

FAQ

What is commission? What is Long Term Care Insurance? What is a treasury index? What is an assessed value? What is a mortgage insurance premium (MIP)?