Level Premium

Definition of "Level premium"

Premium that remains unchanged over time, regardless of any change in the nature of the risk.

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Related Real Estate Glossary terms

Economic Force

Power or strength of economic factors an variables influencing the real estate market. For example, ...

Good Repair Clause

A clause that may be inserted into a purchase agreement or a lease indicating that subject property ...

Roofer

Contractor who constructs new roofs or repair old ones. ...

Livestock Floater

Standard Commercial Property Floater form covering death or damage to livestock as the result of ins ...

Fallout

Loan applications that are withdrawn by borrowers, because they have found a better deal or for othe ...

Retroactive Liability Insurance

Coverage that is purchased to provide protection for a loss that has already occurred. The severity ...

Related Real Estate FAQ

What Does FSBO Mean?

FSBO means for sale by owner. ...

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 A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

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