Payment Certain


Definition of "Payment certain"

Phrase used to describe a method of annuity payout that guarantees a specified number of years, regardless of whether an annuitant remains alive.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Limitations On Amount Of Monthly Benefits

Clause in some disability income insurance policies under which there is a maximum an insured can re ...

Resident Agent

Salesperson who markets and services insurance policies in the state in which he or she is domiciled ...

Float-Down

A rate lock, plus an option to reduce the rate if market interest rates decline during the lock peri ...

Contract Of Adhesion

Same as term Adhesion Insurance Contract: agreement prepared by an insurance company and offered to ...

Nonforfeiture Cash Surrender Benefit

Amount in a cash value life insurance policy that a policy owner will receive upon surrender of the ...

Liability, Professional

Liability created when an individual who offers services to the general public claims expertise in a ...

Related Real Estate FAQ

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is Flood Insurance?

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

What Is A Housing Ratio?

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

Why Should I Use A Real Estate Agent?

A real estate agent is more than just a \"sales person.\" They act on your behalf as your agent, pr ...

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 Hazard Insurance? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Foreclosure - The Pros and Cons of Buying What Must I Disclose When Selling My Home? Should you Buy a Home with Cash?

FAQ

What is an origination fee? What is Disability Insurance? Do you have any tips to help me manage my investing? What is a commitment letter? What is a Good Faith Estimate?