Placed Business


Definition of "Placed business"

Delivered insurance policy to the policyholder in which the policy's first premium has been paid, the application has been reviewed, and all policy parts completed.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Unrealized Gain

Increase in the value of property arising from holding it. The gain is realized only when the proper ...

Underwriting Requirements

The standards imposed by lenders in determining whether a borrower can be approved for a loan. Thes ...

Pass-through Securities

Securities supported by a pool of mortgages. The principal and interest are due monthly in the mortg ...

Subrent

Process by which a lessee rents his apartment to another. ...

State Exemption Statute

Laws in most cases protecting life insurance policies from an insured's creditors. These laws typica ...

Injunction Bond

Type of judicial bond under which a plaintiff is held liable for damages in the event of a false inj ...

Related Real Estate FAQ

What Is The Tax Benefits Of Buying A Home?

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

What Is Disability Insurance?

Line of insurance, which included coverages that are designed to protect the insured against a loss ...

What Is A Principal?

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

How Much Life Insurance Do I Need?

Every person has a different idea of what financial security means. If so, should happen to you, how ...

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

Who Is A Subagent?

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

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

How is Square Footage Determined? Why Use a Real Estate Agent? Build or Buy? That’s the Big Question Is it better to buy or sell a home first Real Estate Open House - The Dos and Don

FAQ

How can I figure out my debt-to-income ratio? What are the benefits of Commercial Auto Insurance? What is an index? What type of a home is a condominium? What is a title?