Following The Fortunes

Definition of "Following the fortunes"

Reinsurance clause that stipulates that the reinsurer will be subject to the same fate as the ceding company.

Search Real Estate Glossary

Related Real Estate Glossary terms

State Rate

Standard property/casualty insurance premium set by a state rating bureau. States have responsibilit ...

Exclusions Of Policy

Same as term Exclusions: provision in an insurance policy that indicates what is denied coverage. Fo ...

Lien Period

Time period in which one may carry out a lien on property. ...

Cumulative Injuries

Sum total of an employee's job-related injuries resulting in disabilities over the working career. F ...

Simple Interest

A transaction in which interest is not paid on interest there is no compounding. For example, if y ...

Note

A legally transferable debt instrument by which the issuer agrees to pay the payee within a certain ...

Related Real Estate FAQ

What Is A Conventional Mortgage?

A conventional mortgage is a mortgage made by banks and other lending institutions that is not insur ...

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

What Is A Buildable Acre?

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

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Rent or Buy - the pros and cons Foreclosure - The Pros and Cons of Buying Build or Buy? That’s the Big Question 7 Tips for a First Time Homebuyer Getting Ready to Sell? Don't make these DIY Mistakes!

FAQ

How Much Can I Afford ? What is an inspection? What is a survey? What is a broker? What is a basic policy?