Back Load

Definition of "Back load"

Expenses taken out when benefits are paid. For example, a specific dollar amount is subtracted from a monthly income payment for company expenses.

Search Real Estate Glossary

Related Real Estate Glossary terms

Sales-ratio Analysis

Evaluation of the reasons for the difference between the expected selling price of property and its ...

Confidence Level

Percentage of confidence in a finding. For example, if an insurance company's total loss reserves sh ...

Convertible Term Life Insurance

Coverage that can be converted into permanent insurance regardless of an insured's physical conditio ...

Dual-Apper

A borrower who submits applications through two loan providers, usually mortgage brokers, without th ...

Unlawful Detainer

Illegally keeping or holding on to someone else's property. An example is a tenant staying in the ap ...

Tuition Form

Coverage in the event a school, summer camp, or similar operation suffers loss of tuition because a ...

Related Real Estate FAQ

What Is A Title?

A title is the right of property ownership. ...

What Is Hazard Insurance?

Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

What Is An Assumable Mortgage?

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

What Is PITI And What Does It Stand For?

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Is A Mortgage Broker?

A mortgage broker is an intermediary who ensures a loan between a borrower and lender. The broker ta ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

How Does The Home Loan Underwriting Process Work? 5 signs of house foundation problems 7 Tips for a First Time Homebuyer Why Use a Real Estate Agent? How To Get A Loan with Bad Credit

FAQ

What happens when you prequalify? What does preapproved mean? What do I need to know about Individual Health Insurance? What is an escrow officer? What is a point?