Lag | Insurance Glossary | Realestateagent.com

Definition of "Lag"

Time that has elapsed between when claims actually occurred and when claims are actually paid.

The largest loan size permitted on a particular loan program. For programs where the loan is targe ...

Depicts the best way to allocate land to maximize usefulness and profitability. ...

Individual in charge of an insurance company agency. The manager is an employee of the company and i ...

Planned subdivision where detached housing is located in the close proximity to each other. Addition ...

Monthly income payment from a disability income insurance policy made to the insured wage earner whe ...

Small, early twentieth century, one-story house or cottage. ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

A multiple listing service is a computerized listing of the homes for sale in an area listed with a ...

A down payment is the money you pay up front for the purchase of a home. ...

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

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