Tertiary Beneficiary


Definition of "Tertiary beneficiary"

Robert McKee
  BHHSNJ - Jersey Properties Group

Third-in-line beneficiary to receive benefits from an insurance policy should the primary and secondary beneficiaries not survive.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Public Sale

A public foreclosure sale where public notice is given anyone is allowed to participate. Normally, a ...

Underwriting

The process of making a final determination on approval or rejection of a loan application. Underwr ...

Shingles

Thin wood that is shaped in a wedge and laid together in rows. An example is a roof on a house. ...

Aso

Same as term Administrative Services Only: services provided in an employee benefit plan such as a ...

Sweat Equity

The equity in property because of work in it by the buyer or holder which directly increases its val ...

Bullet Loan

Intermediate debt (5 to 10 years) without periodic payments but the entire amount (balloon payment) ...

Related Real Estate FAQ

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

What Type Of Life Insurance Is Right For Me?

A life insurance policy can help enable your family to remain financially if you or your spouse shou ...

Do I Need Flood Insurance?

Over 90% of all presidential-declared disasters in the United States are flood related. Leveling for ...

What Is A Housing Ratio?

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

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then so ...

What Do I Need To Know About Indemnity Insurance?

A principle of insurance which provides that when a loss occurs, the insured should be restored to 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

How To Sell Your Home What Must I Disclose When Selling My Home? How Does The Home Loan Underwriting Process Work? 7 Things to Consider Before Moving to a New City Tax Breaks for the First Time Home Buyer

FAQ

Do you have any tips to help me manage my investing? What is a subprime mortgage? How Much Can I Afford ? What is a subdivision? What is a default?