Mode

Definition of "Mode"

Frequency of premium payment; for example annually, semiannually, quarterly, or monthly.

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Related Real Estate Glossary terms

Master Limited Partnership (MLP)

Unincorporated combination (roll-up) of limited partnerships in a real estate together as a group. I ...

Community Property

All property acquired after marriage, deemed to be the result of the joint efforts of both spouses ( ...

Owners, Landlords, And Tenants Liability Policy

Coverage for bodily injury and property damage liability resulting from the ownership, use, and/or m ...

Life Underwriting Training Council (lutc)

Organization that develops and administers educational materials and examinations for life insurance ...

Indexed ARMs

Adjustable rate mortgages on which the interest rate is mechanically determined based on the value o ...

Deviated Rate

Rates used by a property and casualty insurance company that are different from that suggested by a ...

Related Real Estate FAQ

What Do I Need To Know About Whole Life Insurance?

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

What Is A Term?

A term is the length of a loan. ...

What Is A Quit Claim Deed?

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

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