Alien

Definition of "Alien"

Foreign-born individual not qualifying as a citizen of the country in which he or she resides.

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Related Real Estate Glossary terms

Portfolio Reinsurance

Coverage in which an insurance company's portfolio is ceded to a re insurer who re insures a given p ...

Qualifying

Process determining an individual's financial ability to meet the terms of a loan. When selling r ...

Fire Catastrophe Reinsurance

Means used by a direct fire underwriter to protect against accumulation for a fire account, as well ...

Normal Retirement Age

Earliest age at which an employee can retire without a penalty reduction in pension benefits after h ...

Delivery

Physical handing of an insurance policy to the insured. Sales training emphasizes the importance of ...

Lagging Indicators

The economic indicators that trail behind aggregate economic activity. Six lagging indicators issu ...

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What Is A Mortgage Insurance Premium (MIP)?

A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Is A Basic Policy?

A basic policy is a homeowners insurance policy that covers certain perils. ...

How Much Can I Afford ?

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

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