Pay


Definition of "Pay"

Abbreviation for premium payment. It usually applies to a limited number of annual premium payment policies such as a ten-day policy.

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Popular Real Estate Terms

Single Annuitant (single Life Annuity)

Annuity that continues income payments as long as the annuitant lives, ceasing upon the individual's death. ...

Yield Rate

Same as term Yield on Assets: annual or other periodic rate of return on investments. Because life insurance companies act as custodians of premiums ...

Common Area Charges

Fees that all tenants or owners must pay for the cost of maintaining common areas. ...

Flexible Premium Life Insurance

Policy that has an initial premium with flexible premiums thereafter. Within limits, a policy owner can select both the future amount and frequency of ...

Joint And Several Liability

Legal obligation under which a party may be liable for the payment of the total judgment and costs that are associated with that judgment, even if tha ...

Health Insurance Futures

One-year futures contract (standardized agreement between two parties to buy or sell a commodity or financial instrument on an organized futures excha ...

Popular Real Estate FAQ

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advance, for example, they may want a portion of that pa ...

What Is A Negative Amortization?

A negative amortization is a type of loan situation that occurs when the monthly payments do not cover the principal or interest. Instead of declining ...

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money later. A point - equaling 1% of the total loan am ...

How Much Money Can I Borrow To Buy A Home?

To begin, you\'ll need to figure out what your gross income is (before taxes) monthly and yearly. To get a quick ballpark figure, take the yearly inc ...

Besides Making My Monthly Mortgage Payment, How Can I Build Equity Into My House?

When making your monthly mortgage payment, try to send a little bit more. This will go directly to the principal of the loan rather than the interest ...

What Will My ARM Loan Payment Be ?

RealEstateAgent.com calculator will compute your initial payments and estimate your future payments. The ARM parameters (Initial Rate, Index, Margin) ...

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