Return Premium

Definition of "Return premium"

Amount received by the policyholder if the policy is canceled, benefits are reduced, or the premium is reduced.

Search Real Estate Glossary

Related Real Estate Glossary terms

Personal Articles Insurance

Coverage for all kinds of personal property whether inside or outside an insured's (home) to include ...

Windstorm Insurance

Additional coverage available on most property insurance policies through the extended coverage endo ...

Subsidized Housing

Housing whose rental payments are reduced because of aid granted by the federal, state, or local gov ...

College Retirement Equities Fund (cref)

Entity maintained by the Teachers Insurance Annuity Association. The fund essentially serves college ...

Grace Period

Period after the date the premium is due during which the premium can be paid with no interest charg ...

Consumer Price Index (cpi)

Measurement of the rate of inflation according to a weighted market basket of goods and services tha ...

Related Real Estate FAQ

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

What Is Joint Tenancy?

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

What Is An Amortization?

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

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 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 ...

What Is A Commitment Letter?

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

When to buy a house Tax Breaks for the First Time Home Buyer What is the Best Time of Year to Buy a Home? Short Sale Homes Getting Ready to Sell? Don't make these DIY Mistakes!

FAQ

What is a negative amortization? What is the APR for This ARM Loan? What do I need to know about Whole Life Insurance? What is a wraparound mortgage? What is a treasury index?