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

Level Commission

Compensation in which an insurance agent's fee for the sale of a policy is the same year after year. ...

Bankruptcy (business)

Situation in which a business debts exceed the fair market value of its assets. ...

Grantor

Individual who creates a trust and generally places his or her assets in it. ...

Subrosee

Insurance company that becomes subrogated to the rights of another party. ...

Nonownership Liability Insurance

Coverage for an employer against liability for property damage or physical injury caused by an emplo ...

Rural-urban Fringe

Area that is located between a rural and urban area. ...

Related Real Estate FAQ

What Is An Assessed Value?

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

What Is An Adjustable-rate Mortgage (ARM)?

A type of mortgage in which the interest rate is keyed to a certain economic index and is adjusted a ...

What If They No Longer Make My Specific Computer?

The insurance company will replace it with a model as close to it as possible in the current retail ...

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

What Is A Deed?

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

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

What do Real Estate Attorneys do? How To Get A Loan with Bad Credit What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Home Prices - The Extra Costs How To Sell Your Home

FAQ

What is a home warranty? What is a private Mortgage? What is an index? What is a Buildable acre? What if the computer I want to insure is homemade or custom-built?