google bot detected Purchase Price | Insurance Glossary | Realestateagent.com

Purchase Price


Definition of "Purchase price"

Mindy Dotson, Broker
  Realty Executives Central MS

Cost of an annuity. Annuities are often paid for in a lump sum rather than annual or other periodic payments. This sum, which guarantees an income, usually for life, is called the purchase price rather than the premium, which is generally associated with payments for insurance.



Related Real Estate Glossary terms

Related Real Estate FAQ