Level Premium | Insurance Glossary

Definition of "Level premium"

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

Mortgage for an extended time period (e.g., 25 years) Type of real estate investment trust (REI ...

Provisions, usually requiring an additional premium, that are appended to an insurance contract. The ...

Land located next to water that has and will continue to experience water damage. The land generally ...

Map which documents the area, perimeter location, dimensions, and other data relating to land for pu ...

Amount of the increase in the book of business of an insurance company over a specified time interva ...

Property pledged to obtain a loan or credit. ...

FSBO means for sale by owner. ...

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

A penalty fee charged for paying off a mortgage early, thus allowing banks to still make money off o ...

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

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