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

Nominal Loan Rate

the loan rate stated on the face of the loan note. The nominal loan rate is not the same as the effe ...

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Separate trust established by a charitable entity whose purpose is to receive contributions from num ...

Modern Colonial (New England) Architecture

Same as term cape cod colonial house: Early American style 1 1/2 story house with a steep gable roof ...

Judicial Foreclosure

Property of a defaulted borrower is sold under court order, and the judge must approve the amount re ...

Ante

Prefix meaning coming before or in front of something else. ...

Eligible Retirement Plan

Plan under which an employee may make a rollover contribution. If that contribution is from a qualif ...

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Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

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A conventional mortgage is a mortgage made by banks and other lending institutions that is not insur ...

What Is Comprehensive Homeowners Insurance?

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

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What happens when you prequalify? What is a credit report? What do I need to know about Renters Insurance, and what does it cover? What is an escrow officer? What is an index?