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

Series Ee Savings Bonds

Bonds sold at a discount from their face value; accumulated interest paid at maturity, as in the cas ...

American Academy Of Actuaries

Professional association that sets standards of performance for those engaged in actuarial functions ...

Bauhaus Style

Style of architecture originating at the German Bauhaus, or architectural institute, in the 1920's a ...

Biweekly Mortgage

A mortgage on which half the monthly payment is paid every two weeks. This results in 26 payments pe ...

Stop Notice

Directing the bank not to pay a check when presented at the bank. There is a service charge for this ...

Private Mortgage Insurance (pmi)

Insurance written by a commercial insurance company that indemnifies the mortgage lender in the even ...

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FAQ

How do I file an Insurance Claim? What does Travel Insurance Typically Cover? What is a Good Faith Estimate? If I want to buy a house and I know the property and the seller already have an agent, can I act as my own agent and negotiate a lower fee? What is a wraparound mortgage?