Fully Insured Status


Definition of "Fully insured status"

Provision in Social Security: to receive retirement monthly income, a participant must have earned income on which Social Security taxes were paid for at least 10 years or 40 quarters.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Contract Rate

Stated rate of interest on the face amount of a loan or installment note. ...

Sum-of-the-years

Accelerated depreciation method in which the amounts recognized in the early years of the property's ...

Domino Theory Of Accident Causation

Theory developed in 1931 by H. W. Heinrich; states that an accident is only one of a series of facto ...

Equity Lending

Bank financing to a homeowner based on his dollar equity in the home. The interest rate typically fl ...

Antirebate Law

Statute that makes it illegal in most states for an agent to rebate (return) any portion of his comm ...

Collection Expense Insurance

Same as term Accounts Receivable Insurance: coverage when business records are destroyed by an insu ...

Related Real Estate FAQ

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you ...

What Does Travel Insurance Typically Cover?

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Is A Point?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

What Is An Adjustable-rate Mortgage (ARM)?

A type of mortgage in which the interest rate is keyed to a certain economic index and is adjusted a ...

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

Rent or Buy - the pros and cons Is it better to buy or sell a home first How to become a real estate agent 7 Tips for a First Time Homebuyer Build or Buy? That’s the Big Question

FAQ

When Should I Get Travel Insurance? What do I need to know about Condominium Insurance? What is an index? What is a buydown? What is a conventional mortgage?