Payment Of Premiums On Bonds


Definition of "Payment of premiums on bonds"

Act that seals a contract and is noncancellable. surety bonds and fidelity bonds resemble insurance contracts in many ways. However, the surety, which is often an insurance company, cannot cancel a bond once the premium has been paid.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Dual Contract

Illegal practice of having two contracts for the same transaction. One contract may be used as a su ...

Preventive Care

Program of health care designed for the prevention and/or reduction of illnesses by providing such s ...

Puffing

Buildup of the value of property. It is an inflated opinion of value by a seller, not a representati ...

Income Policy

Proceeds from a life insurance policy paid on a monthly basis instead of in a lump sum. ...

Manual

Publication stipulating underwriting rules applicable for a given line of insurance, classifications ...

Federal Estate Tax

Federal tax imposed on the estate of a decedent according to the value of that estate. The first ste ...

Related Real Estate FAQ

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

What Is Principal?

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

What Is A Good Faith Estimate?

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

What Does Fannie Mae Mean?

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

What Is Flood Insurance?

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

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

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

10 Tips for Homebuyers 7 Things to Consider Before Moving to a New City 7 Tips for a First Time Homebuyer Is it better to buy or sell a home first Getting Ready to Sell? Don't make these DIY Mistakes!

FAQ

What is a seller disclosure? Why do people refinance? What is a Good Faith Estimate? Do you have any tips to help me manage my investing? What is an agent?