Assumed Interest Rateassumed Investment Return Air

Definition of "Assumed interest rate/assumed investment return (air)"

Percentage return appropriated by the insurer for an immediate variable annuity when the insurer calculates the initial income payment to the annuitant. If the variable annuity's underlying portfolio has a net return greater than or less than the AIR, the income payments will increase or decrease accordingly.

Search Real Estate Glossary

Related Real Estate Glossary terms

Principal Broker

Licensed broker having the principal responsibility for all licensed brokers and agents in the conce ...

Tenants Improvements And Betterments

Improvements or renovations to a leased business or residential property made by a tenant to meet it ...

Law Of Large Numbers

Mathematical premise stating that the greater the number of exposures, (1) the more accurate the pre ...

Estoppel

Barring an act. It may occur when an individual has improperly acted resulting in an unfair advantag ...

Select Mortality Table

Mortality table that includes data only on people who have recently purchased life insurance. Experi ...

Participation Mortgages

Involves more than one borrower being responsible for a mortgage, such as with a cooperative apar ...

Related Real Estate FAQ

What Is A Mortgagee?

A morgagee is the lender. ...

How Big Is An Acre?

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

What Is An Assessed Value?

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

What Is A Mortgage Insurance Premium (MIP)?

A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

What Is A Lease Purchase Mortgage?

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

How Much Will My Principal Be?

This calculator figures your principal balance after any number of payments. Input the beginning pri ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

6 Reasons you are not selling properties 7 Tips for a First Time Homebuyer Short Sale Homes 5 signs of house foundation problems 10 Tips for Homebuyers

FAQ

What is a balloon mortgage? What is a point? What is an appraised value? What is an inspection? How big is an acre?