Assume 2


Definition of "Assume"

To accept by a reinsurer, part or all of a risk transferred to it by a primary insurer or another reinsurer.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Truth In Lending (TIL)

The federal law that specifies the information that must be provided to borrowers on different types of loans. Also, the form used to disclose this ...

Subsurface Rights

The owner of real property generally has exclusive rights to the soil and minerals underneath the land. Significant limitations on subsurface rights h ...

Reverse Mortgage

A mortgage loan to an elderly homeowner on which the borrower's debt rises over time, but that need not be repaid until the borrower dies, sells the ...

Reduction Certificate

Lender's written statement and accounting for the remaining balance, date of maturity, and interest rate on a mortgage. The lender is certifying this ...

Assumption Reinsurance

Form of insurance whereby the buyer (reinsurer) assumes the entire obligation of the cedent company, effected through the transfer of the policies fro ...

Sidetrack Agreement

Type of hold-harmless agreement made by a property owner as a condition for being served by a railroad spur. If the owner wants a special sidetrack, t ...

Popular Real Estate FAQ

What Is An Assumable Mortgage?

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

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input parameters. There are various ways that companies com ...

What Is The APR For This ARM Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input parameters. There are various ways that companies com ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

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

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Building a Real Estate Team Property tax in the US: a homebuyer guide Buying a House with Cash vs. Mortgage Short-term Lease Pros and Cons Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House

FAQ

What is a wraparound mortgage? What happens when you prequalify? What is a Buildable acre? I dont know the zip code of my areas. How do I find an agent that is right for me in my area. What is earnest money?