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.

Search Real Estate Glossary

Related Real Estate Glossary terms

Noncancellable Insurance Policy

Insurance contract that cannot be cancelled by the insurance company. Since the insurance policy is ...

Assignment Clause, Life Insurance

Feature in a life insurance policy allowing a policyowner to freely assign (give, sell) a policy to ...

Innkeepers Liability Insurance

Coverage for negligent acts or omissions of an operator of a motel or hotel resulting in bodily inju ...

Land Residual Technique

Technique used to estimate how the value of a parcel of land will affect its ability to support a gi ...

After-tax Equity Yield

Net return rate earned on an equity investment in real estate after deducing any interest costs and ...

Agent Of Record

Individual who has a contractual agreement with a policyowner. The agent of record has a legal right ...

Related Real Estate FAQ

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Is A Multiple Listing Service (MLS)?

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

What Is A Loan Origination Fee?

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

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? What Must I Disclose When Selling My Home? What is Earnest Money Build or Buy? That’s the Big Question Why Right Now is a Good Time for Millennials to Buy a Home

FAQ

What is an origination fee? Do you have any tips to help me manage my investing? What is a mortgage? What is a quit claim deed? Is depreciation common?