Insurance

Definition of "Insurance"

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

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Related Real Estate Glossary terms

Liberalization Clause

In property insurance policy, clause that stipulates that if legislative acts or acts of the insuran ...

Unlawful Detainer

Illegally keeping or holding on to someone else's property. An example is a tenant staying in the ap ...

Discretionary ARM

An ARM on which the lender has the right to change the interest rate at any time, for any reason, by ...

Grant

To transfer a property title by deed or other instrument to another party. ...

Conditional Sale Contract

Real estate sales contract where possession and use is provided to the buyer, but the deed is kept b ...

Payment Rate

The interest rate used to calculate the mortgage payment. The interest rate and the payment rate ar ...

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FAQ

What is homeowners insurance? What are jumbo mortgages? How much Life Insurance do I need? What does a back-end ratio mean? What are paid advertorials?