Minimum Benefit | Insurance Glossary

Definition of "Minimum benefit"

Maritza Hernandez

Empire Real Estate, LLC

Smallest face amount of life insurance that an insurance company will write on any one person.

Form of lighting designed to have 90% to 100% of the emitted light directed upward so the principal ...

Coverage required by the laws of a particular state. For example, many states stipulate minimum amou ...

Various governmental restrictions and controls placed upon land use in a given jurisdictional area. ...

Availability of houses in an area. ...

Arrangement in which individuals serve as trustees of their own living trust and name another party ...

Money set aside for a possible loss, such as from a fire. ...

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

Freddie Mac is a name for the Federal Home Loan Mortgage Corp., which is a financial corporation cha ...

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

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

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

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