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.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Annexation

(1) Municipality: Legal process by which a municipality expands its territory to include part of an ...

Buy-back

(1) Agreement to sell real estate with a pre-arranged reverse but at an established price. This may ...

Premises And Operations Liability Insurance

Part of a business liability policy that covers an insured for bodily injury or property damage liab ...

Bay Window

Window designed in an alcove extending outside the structure. A bay window makes the home look more ...

Incontestable Clause

Section in a life insurance policy stating that after the policy is in force two years, the company ...

Indexed Life Insurance

Policy with a face value that varies according to a prescribed index of prices; otherwise benefits p ...

Related Real Estate FAQ

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

What Is A Title Search?

A title search is the process of reviewing court records and other records to ensure that there are ...

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 Mortgage Broker?

A mortgage broker is an intermediary who ensures a loan between a borrower and lender. The broker ta ...

What Is A Buildable Acre?

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

What Do I Need To Know About Whole Life Insurance?

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death ...

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

How To Get A Loan with Bad Credit 10 Tips for Homebuyers How Does The Home Loan Underwriting Process Work? Build or Buy? That’s the Big Question Home Prices - The Extra Costs

FAQ

What are jumbo mortgages? What is a wraparound mortgage? What is a qualifying ratio? How Much Income Do I Need ? What is a gift letter?