Maturity Funding Contract


Definition of "Maturity funding contract"

Type of pension plan under which a retirement annuity is purchased at the time of retirement of the employee, funded by means of a single premium payment made to the insurance company.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Borrower Risk

Liability a borrower assumes. These include: (1) Due to unforeseen circumstances, the borrower may l ...

Personal Financial Inventory

Detailed descriptive list made available to the survivor (s) of the insured showing: attorney, accou ...

Actuarial Adjustment

Modification in premiums, reserves, and other values to reflect actual loss experience and expenses ...

Taking

Act of obtaining land through condemnation. For example, when in interstate highway must be constr ...

Inspection

In property or liability insurance, right retained by the company to inspect the insured premises as ...

Industrial Park

Usually a fairly large site zoned and planned for the purpose of industrial development and located ...

Related Real Estate FAQ

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

How Big Is An Acre?

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

What Do I Need To Know About Pet Insurance?

If you own a pet, i\'m sure you\'ve been in a situation where the vet bills have been much higher th ...

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

What Is A Good Faith Estimate?

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

What Does Fannie Mae Mean?

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

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

Agents join here
Add our widget on your Website

Real Estate Advice

Foreclosure - The Pros and Cons of Buying Getting Ready to Sell? Don't make these DIY Mistakes! When to buy a house How To Choose A Realtor Mortgage Loan Types

FAQ

What does FSBO mean? What is a housing ratio? What is joint tenancy? How can I protect my Home Office? What is a term?