Benefit

Definition of "Benefit"

Monetary sum paid or payable to a recipient for which the insurance company has received the premiums.

Search Real Estate Glossary

Related Real Estate Glossary terms

Biannual

Occurring two times per year; also called semiannual. On the other hand, biennial means occurring ea ...

Stick Style Of Carpenter Gothic

Style of construction made popular in the 1800s. Its characteristics include very steep roof, ornate ...

Housing Bank

A government-owned or -affiliated lender that makes home loans directly to consumers. With minor exc ...

Vendor's Lien

Also called purchase money mortgage. A seller's claim to property held by a buyer as collateral for ...

Duplex

Structure have two dwelling units under the same roof. Two-story apartment unit. ...

Domino Theory Of Accident Causation

Theory developed in 1931 by H. W. Heinrich; states that an accident is only one of a series of facto ...

Related Real Estate FAQ

What Is Hazard Insurance?

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

What Is A Buildable Acre?

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

What Is An Interest Rate?

An interest rate is the percentage the lender charges you for borrowing money. ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

Tax Breaks for the First Time Home Buyer 10 Tips for Homebuyers What do Real Estate Attorneys do? How is Square Footage Determined? 6 Reasons you are not selling properties

FAQ

What are prepayment penalties? What do I need to know about Universal Life Insurance? What is a lien? What are the benefits of Commercial Auto Insurance? How can I figure out my debt-to-income ratio?