Income Beneficiary

Definition of "Income beneficiary"

Individual (s) entitled to receive the income generated by the trust.

Search Real Estate Glossary

Related Real Estate Glossary terms

Net Gain From Operations

Statutory accounting principles (SAP), as listed in the insurance company's annual financial stateme ...

Casualty Catastrophe

Casualty losses of high severity. ...

Experience Refund

Return of a percentage of premium paid by a business firm if its loss record is better than the amou ...

Loan Amount

The amount the borrower promises to repay, as set forth in the loan contract. The loan amount may e ...

Furrier

Coverage for furs owned by a furrier, or a customer's furs in the care, custody, and control of the ...

Credit Receivable Risk

Risk that premiums and reinsurance, as well as other receivable instruments, will not be collected. ...

Related Real Estate FAQ

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

What Do I Need To Know About Auto Insurance?

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

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

Getting Ready to Sell? Don't make these DIY Mistakes! Is it better to buy or sell a home first How Does The Home Loan Underwriting Process Work? What is Earnest Money 3 tips to ensure your sale goes through

FAQ

What is a balloon mortgage? What is PITI and what does it stand for? What is a debt-to-income ratio? What is a survey? What is Loan Amortization?