Bailout Provision


Definition of "Bail-out provision"

Clause found in an annuity contract that enables the owner of that contract to withdraw his or her money without surrender penalties, if the annual interest rate is lowered below a certain predetermined minimum.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Representations

Statements by an insurance applicant concerning personal health history, family health history, occu ...

Commercial Forgery Policy

Coverage for an insured who unknowingly accepts forged checks. ...

Premise

Land and any existing tenements that are part of a conveyance. For example, upon closing a real esta ...

Replacement Reserve

Money set aside to buy new assets when the older ones are no longer appropriate for the intended us ...

Unbundled

Term that describes commercial insurance with no administrative services attached, or alternatively, ...

Telegram Proposal Of Insurance

Binding contract for insurance completed by telegraph. The law has recognized the date an insurance ...

Related Real Estate FAQ

What Is A Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

What Is A VA Loan?

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

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

What is Earnest Money 5 U.S. Cities with the Best Public Transportation What Must I Disclose When Selling My Home? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? 7 Things to Consider Before Moving to a New City

FAQ

What is a negative amortization? Should I Consolidate My Debt? Do I need flood Insurance? Is depreciation common? What is a qualifying ratio?