Flat Rate Flat Schedule


Definition of "Flat rate (flat schedule)"

Helen Reece
  Remax Executive

Rate not subsequently adjusted. The rate stays in effect regardless of an insured's subsequent loss record.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Postretirement Funding

Method of funding a pension plan after a worker retires. An employer purchases an annuity or sets as ...

Scenic Easement

Easement with the objective of keeping scenic beauty or to forbid constructing something else blocki ...

Direct Selling System

Same as term Direct Response Marketing: method of selling insurance directly to insureds through a c ...

Fronting Company

Same as term Fronting: procedure under which the CEDING COMPANY (the primary or fronting company) ce ...

Underlying Mortgage

The first mortgage on property when other mortgages exist as well, as in the case of a wraparound ...

Hostile Fire

Unfriendly fire not confined to its normal habitat. For example, fire in the fireplace leaps onto th ...

Related Real Estate FAQ

What Does Fannie Mae Mean?

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

What Is Title Insurance?

Title insurance is insurance that protects the lender and buyer against any losses incurred from dis ...

What Is A Good Faith Estimate?

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

What Is A Mortgage Insurance Premium (MIP)?

A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

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 Choose A Realtor 7 Things to Consider Before Moving to a New City What is the Best Time of Year to Buy a Home? How is Square Footage Determined? Top Five Reasons Your Home Offer was Rejected

FAQ

What are the benefits of Business Owners Insurance? What is a seller disclosure? What is a foreclosure? What is PITI and what does it stand for? What is a mortgage broker?