Binomial Distribution

Definition of "Binomial distribution"

Statistical function that displays the probability of determining a stated number of successes in a series of trials in which the probability of success is the same in each trial. In insurance, the binomial distribution is used to analyze certain future events.

Search Real Estate Glossary

Related Real Estate Glossary terms

Baseline Data

Statistics (such as health data from physical examination of employees or other insureds) used as a ...

VA Mortgage

A mortgage with no down payment requirement, available only to ex-servicemen and women, on which t ...

Master-servant Rule

Assumption that an employer is liable for negligent acts or omissions of employees that result in bo ...

No-fault Threshold

Amount for which financial loss for bodily injury incurred by the plaintiff must exceed before a tor ...

Pay-Down Magic

Belief that there is a special way to pay down the balance of a home mortgage faster, if you know ...

Net Retained Lines

Amount of insurance remaining on a ceding company's books, net of the amount reinsured. ...

Related Real Estate FAQ

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

What Are Paid Advertorials?

Paid advertorials are articles written by public relations professionals that have just one goal in ...

What Are Basis Points?

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

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

What Is A Deed?

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

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 is Earnest Money How to become a real estate agent 3 tips to ensure your sale goes through Top Five Reasons Your Home Offer was Rejected How Does The Home Loan Underwriting Process Work?

FAQ

What are my coverage options? How can I protect my Home Office? What is a buydown? What is an interest rate? What is a conventional mortgage?