Cash Out Of Vested Benefits


Definition of "Cash out of vested benefits"

Money withdrawn by an employee from benefits owned. When an employee exercises this right, future benefits purchased by the employer on behalf of the employee are usually forfeited.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Contingencies

Unexpected claims occurring above the expected claims for which a contingency reserve is maintained. ...

Compound Interest

An interest rate that is applicable when interest in subsequent periods is earned not only on the or ...

Uniform Transfers To Minors Act (utma)

Act in which a life insurance company is permitted to transfer the death benefit from the policy to ...

MAI

Member Of the American Institute of Real Estate Appraisers. ...

No-Asset Loan

A documentation requirement where the applicant's assets are not disclosed. ...

Collateral Bond

Bond that provides additional security for a loan. ...

Related Real Estate FAQ

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

What Is A Principal?

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

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

Short Sale Homes When to buy a house Getting Ready to Sell? Don't make these DIY Mistakes! 7 Things to Consider Before Moving to a New City How to become a real estate agent

FAQ

What is joint tenancy? What is a VA loan? How Much Income Do I Need ? How can I protect my Home Office? What is a APR Loan?