Forward Commitment Risk


Definition of "Forward commitment risk"

Risk incurred by the insurance company after it makes the commitment to make the loan at some future time and the borrower may not accept the loan at that time.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Multiemployer Trust

One that provides group health or pension benefits for a multiemployer plan. To lower the cost, small firms band together to take advantage of the eco ...

Guaranty Fund (insolvency Fund)

Aggregate sums, in certain states, to pay claims of insolvent insurance companies. These funds are maintained by contributions of companies operating ...

Underwriters Laboratories, Inc. (ul)

Independent agency supported by the insurance industry that tests a variety of materials, products, and devices, such as appliances and electrical equ ...

Premium Refund

In some life insurance policies, provision that permits the beneficiary, upon the death of the insured, to receive not only the death benefit payable ...

Cash Out Of Vested Benefits

Money withdrawn by an employee from benefits owned. When an employee exercises this right, future benefits purchased by the employer on behalf of the ...

Excess Of Time Reinsurance

Term used in the reinsuring of disability income insurance policies in that, after an extended period of time expires (in addition to the elimination ...

Popular Real Estate FAQ

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

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

Large Real Estate Companies vs Individual Agents or Small Companies The Solar Panel Trap: When Renewable Energy Messes up Real Estate The First-time Home Buyers Guide to Home Insurance 3 Reasons Why Now Is The Perfect Time To Sell Your Home How To Sell Your Home

FAQ

What is a title? What do I need to know about Group Health Insurance? What are basis points? What do I need to know about RV Insurance? What is Long Term Care Insurance?