Standard

Definition of "Standard"

Method of underwriting insurance in which the insurance company utilizes regular mortality tables without additions for abnormalities.

Search Real Estate Glossary

Related Real Estate Glossary terms

Conditional

Terms specifying obligations of an insured to keep a policy in force. For example, an insured must p ...

Projected Dividend

Estimated future dividends to be paid by a participating insurance policy. These dividend estimation ...

Tile

Thin layer or slate of baked clay, linoleum, or some other material that is used for covering floors ...

Proportional Reinsurance

System whereby the re insurer shares losses in the same proportion as it shares premium and policy a ...

Net Level Premium Reserve

Fund that comes into existence because premiums for ordinary life insurance policies in their early ...

Open Competition Law

Form of state rating legislation that allows each property/liability insurer to choose between using ...

Related Real Estate FAQ

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report ...

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

Real Estate Open House - The Dos and Don Getting Ready to Sell? Don't make these DIY Mistakes! What is the Best Time of Year to Buy a Home? When to Dispute Your Home Appraisal How Does The Home Loan Underwriting Process Work?

FAQ

What is an adjustable-rate mortgage (ARM)? What are paid advertorials? What is Loan Amortization? What are closing costs? What is underwriting?