Premium Tax

Definition of "Premium tax"

Payment to a state or municipality by an insurance company based on premiums paid by residents.

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Related Real Estate Glossary terms

Prepayment

A payment made by the borrower over and above the scheduled mortgage payment. If the additional pay ...

Conditions

(1) Qualifications applying to an estate occurring when the estate is feated or enlarged. (2) Restr ...

Public Law 87-311

1961 federal legislation that allows the U.S. Export-Import Bank to set up insurance protection for ...

Rent Bid Model

Depicts the best way to allocate land to maximize usefulness and profitability. ...

Predatory Lending

A variety of unsavory lender practices designed to take advantage of unwary borrowers. Predatory le ...

Merit Rating

System of charges to an insured that fluctuates according to the loss experience of that insured. Th ...

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What Is A Term?

A term is the length of a loan. ...

How Much Money Can I Borrow To Buy A Home?

To begin, you\'ll need to figure out what your gross income is (before taxes) monthly and yearly. T ...

What Does Fannie Mae Mean?

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

What Is A Buyer’s Agent?

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works fo ...

What Is A Mortgagee?

A morgagee is the lender. ...

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

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Should I Pay Points for a Lower Rate? What is a survey? What is a qualifying ratio? What do I need to know about Universal Life Insurance? Should I Pay Extra Each Month?