Quarter Of Coverage

Definition of "Quarter of coverage"

Quarter credited, for retirement benefits under Social Security, when the worker's earnings exceed a minimum amount in a given quarter. Credited quarters are extremely important for fully insured and currently insured status to qualify for Social Security benefits. The minimum amount of earnings required for a quarter credited is subject to annual increases.

Search Real Estate Glossary

Related Real Estate Glossary terms

Prospective Rating

Determination of (1) a future property or liability insurance or reinsurance rate or (2) a premium f ...

Occurrence/injury Theory

Viewpoint that an insurer whose liability policy is in force at the time of an accident or injury sh ...

Admitted Assets

Assets permitted by state law to be included in an insurance company's annual statement. These asset ...

Modified Life Insurance

Ordinary life insurance under which premiums are calculated so that the first few years of premiums ...

Nonoccupational Policy

Health and medical insurance that excludes coverage for job-related injuries and illnesses. Most med ...

Residence And Outside Theft Insurance

Coverage provided for the insured's personal property in the event the insured incurs a loss resulti ...

Related Real Estate FAQ

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Is Principal?

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

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and ...

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

What Is A Survey?

A survey is an examination of a property\'s boundaries to determine the quantity of land, location o ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

What is the Best Time of Year to Buy a Home? Is it better to buy or sell a home first How To Get A Loan with Bad Credit 3 tips to ensure your sale goes through How To Choose A Realtor

FAQ

What is a home warranty? What is a spec house? I dont know the zip code of my areas. How do I find an agent that is right for me in my area. What is an overall debt ratio? I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase?