Prospecting

Definition of "Prospecting"

Soliciting of customers for the purchasing of an insurance product.

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Related Real Estate Glossary terms

Expedited Funds Availability Act

Legislation passed in 1988 by the U.S. Congress to facilitate movement of checks through the collect ...

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Observance of an event occurring on a repeated basis that leads one to believe that a certain probab ...

Accounting

Same as term: generally accepted accounting principles (GAAP): ...

Net Investment Income

Total of interest, dividends, and other earnings derived from the insurance company's invested asset ...

Hazard Insurance

Insurance purchased by the borrower and required by the lender, to protect the property against loss ...

PITI

Principal, interest, taxes, and insurance. These are the components of the monthly housing expense. ...

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A lien is a claim against a property. ...

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