Premium Discount

Definition of "Premium discount"

Reduction in rate reflecting the present value of a premium due on an annuity one year hence.

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Related Real Estate Glossary terms

Cost Of Insurance

Value or cost of the actual net protection, in life insurance, in any year (face amount less reserve ...

Malingering

Effort by an individual to continue to receive disability income benefits by taking a continuing sic ...

Defamation Of Character

Oral or written statement that results in injuring the good name or reputation of another, causing t ...

Growing Equity Mortgage (GEM)

A mortgage on which the interest rate is constant, but the payments are structured to increase, so t ...

Unsatisfied Judgment Fund

Money set aside in some states to pay otherwise uncompensated bodily injury claims to innocent victi ...

Independent Practice Association (ipa)

Type of health maintenance organization (HMO) that issues contracts to independent physicians. These ...

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