Superior Good


Definition of "Superior good"

Condition in which life insurance sales increase at a rate greater than the general rate of growth of the economy. As a society moves from an agriculture-based economy to an industry-based economy, the transferring of the pure risk from the family to the insurance company becomes more expedient.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Industrial Insured

One who purchases insurance, usually property and liability and not life or annuities, by utilizing ...

Growth Of Assets

Rate of increase in asset value. ...

Succession

transfer of real property by legal means such as through inheritance. ...

Accelerated Cost Recovery System

System of depreciation for tax purposes mandated by the Tax Reform Act of 1986. The type of propert ...

Lien

Claim of a party, usually a creditor to hold or control the property of another party to meet a debt ...

Occupancy Level

The number of units currently occupied in a facility, neighborhood, or city, stated as a percentage ...

Related Real Estate FAQ

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

What Is Accession?

The right of a property owner to have and enjoy all of the advantages of property ownership includin ...

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

What Is A Mortgage?

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

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

Agents join here
Add our widget on your Website

Real Estate Advice

7 Things to Consider Before Moving to a New City Should you Buy a Home with Cash? Is it better to buy or sell a home first What Must I Disclose When Selling My Home? Foreclosure - The Pros and Cons of Buying

FAQ

What is earnest money? What is an appreciation? What is a survey? What does Fannie Mae mean? What happens when you prequalify?