Insurance | Insurance Glossary | Realestateagent.com

Definition of "Insurance"

Mechanism for contractually shifting burdens of a number of pure risks by pooling them.

One that is legally binding because it is in conformity with legal requirements and conditions. ...

Insurance protection for the replacement cost of damaged property. Thus, the accumulated depreciatio ...

Prepaid group health insurance plan that entitles members to services of participating physicians, h ...

Provision in a written agreement that depends on the occurrence of something else. ...

Modifications of the traditional defined benefit plan in which employees are credited with a specifi ...

Claim on property by an unpaid workman or contractor. The property may be sold to recover the money ...

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

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

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

A mortgage banker is a company that originates mortgages and sells them to a secondary market. ...

A mortgagor is the borrower. ...

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