Contingent Annuity


Definition of "Contingent annuity"

Contract providing income payments beginning when the named contingency occurs. For example, upon the death of one spouse (the contingency), a surviving spouse will begin to receive monthly income payments.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Insurance Agents And Brokers Liability Insurance

Coverage for acts or omissions committed by an agent or broker resulting in adequate insurance in th ...

Open Housing

Housing where affirmative action is actively pursued encouraging people of all races, nationalities, ...

Site Built Home

Potential homeowners buy land at a location they like and then build their house on it. ...

Special Acceptance

Extension of a reinsurance treaty to include a risk that was not originally in its terms. ...

Brokerage Supervisor

Employee of the insurance company who has the authority to appoint brokers on behalf of the insuranc ...

Name Schedule Bond

Fidelity bond under which an insured employer is reimbursed for loss caused by the dishonest act of ...

Related Real Estate FAQ

What Is A Buyer's Agent?

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

What Is Joint Tenancy?

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

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

Mortgage Loan Types 5 signs of house foundation problems 3 tips to ensure your sale goes through What is the Best Time of Year to Buy a Home? How is Square Footage Determined?

FAQ

What is a lien? How Much Can I Afford ? What does a back-end ratio mean? What are discount points? What does an appraisal mean?