Short Rate Premium

Definition of "Short rate premium"

Premium charge for a policy that is going to be in force for less than the normal period of time.

Search Real Estate Glossary

Related Real Estate Glossary terms

Earned Right

basic feature of the social security act under which benefits paid are associated with the employee ...

Offer

Application for a policy, in life insurance, accompanied by the first premium; in property and casua ...

Insured Loan

Type of loan that has been insured by the Federal Housing Administration or a private mortgage insur ...

Boulevard

Main street having a divider either in the center or between the curb and sidewalk with trees, grass ...

Yield Rate

Same as term Yield on Assets: annual or other periodic rate of return on investments. Because life ...

Purpose Of The Appraisal

The reason a property appraisal is being made. The purpose of the appraisal is the first step in the ...

Related Real Estate FAQ

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance ...

What If They No Longer Make My Specific Computer?

The insurance company will replace it with a model as close to it as possible in the current retail ...

What Is Principal?

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

What Is A Seller Disclosure?

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

What Is An Easement?

An easement is the right given by the landowner to use the property. ...

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

How to become a real estate agent Short Sale Homes 7 Tips for a First Time Homebuyer Should you Buy a Home with Cash? 5 signs of house foundation problems

FAQ

Besides making my monthly mortgage payment, how can I build equity into my house? What is Long Term Care Insurance? What is a mortgagee? What is Disability Insurance? What does a back-end ratio mean?