Discounted Premium


Definition of "Discounted premium"

Anna S. Terry
  Kelller Williams Realty United

Lump sum premium paid in advance instead of the frequency of premium payments stipulated in the insurance policy. This lump sum premium payment will be less than the present value of the single premium payments.


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If I want to buy a house and I know the property and the seller already have an agent, can I act as my own agent and negotiate a lower fee? What is flood insurance? What do I need to know about Indemnity Insurance? What is a mortgage insurance premium (MIP)? What is an APR and what does it include?