Jacket

Definition of "Jacket"

Outer covering containing an insurance policy; in many instances it lists provisions common to several types of policies.

Search Real Estate Glossary

Related Real Estate Glossary terms

Community Reinvestment Act

An Act, passed by congress in order to prevent the practice of redlining and disinvestments in centr ...

Asset Share Value

Policyholder's equity share of the life insurance company's assets. The share is based on the policy ...

Cold Call (cold Canvassing)

Call on a prospective insurance buyer without a prior appointment. Many salespeople find this exerci ...

Final Average

Method of calculating retirement benefits under pen ...

Tax Credit

Reduction in taxes payable to the IRS or local government. A tax credit is more beneficial to the ta ...

Equity Among Policyowners

Grouping of applicants for life insurance according to expected mortality, so as to produce an under ...

Related Real Estate FAQ

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Is A Second Mortgage?

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. Th ...

What Is PITI And What Does It Stand For?

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

Tax Breaks for the First Time Home Buyer What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? 7 Tips for a First Time Homebuyer Real Estate Open House - The Dos and Don 6 Reasons you are not selling properties

FAQ

How much money can I borrow to buy a home? What is zoning? What do I need to know about Universal Life Insurance? What does preapproved mean? What is PITI and what does it stand for?