Means Test


Definition of "Means test"

Therese Antonelli
  Moving The Mitten Real Estate Group

Principle that holds that social insurance programs should be for the benefit of lower socioeconomic segments of society and not for that segment of society that does not require financial assistance.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Agent's Balance

Statement showing the amount of money owed the agent by the insurance company, according to the cont ...

Aviation Hazard

Additional hazard associated with aeronautics other than that of being a passenger on a regularly sc ...

Unit Benefit Plan

Retirement plan under which a discrete increment of periodic retirement income is credited to an emp ...

Attornment

Tenant agrees to a replacement landlord. ...

Binder

(1) Temporary and symbolic payment showing good faith and obligating two or more individuals until a ...

Adjustable Premium

Premium that can vary up or down, Some life insurance policies permit the company to change the prem ...

Related Real Estate FAQ

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

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 Are Comparables Or Comps?

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

Do I Need Earthquake Insurance?

If you live in an Earthquake zone. Yes! Typically most homeowners insurance insurance coverage would ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

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

What is the Best Time of Year to Buy a Home? 7 Tips for a First Time Homebuyer Why Right Now is a Good Time for Millennials to Buy a Home How to become a real estate agent 7 Things to Consider Before Moving to a New City

FAQ

What is a wraparound mortgage? What does the Real Estate Settlement Procedures Act (RESPA) require? What is a counteroffer? What are the benefits of Business Owners Insurance? What is a proprietary lease?