Burnoff

Definition of "Burn-off"

Reducing the prepaid items on a debt agreement.

Search Real Estate Glossary

Related Real Estate Glossary terms

Medicare Catastrophic Coverage Act

Federal legislation passed in 1988 (repealed November 23, 1989) that significantly increased the ben ...

Indestructibility

Characteristic of a trust that prevents the invasion of its principal by the trustees while prov ...

Gross Income Multiplier

Method to compute the price of an income-producing property by dividing the asking price of the prop ...

Mezzanine

Balcony or low ceiling overhang just above the main floor and between the next story. In a theater, ...

Serious Injury Frequency Rate

number of serious injuries per 1,000,000 employee-hours worked. ...

Drainage Right Of Way

A landowner may not divert or redirect a natural occurring waterway from his or her property causing ...

Related Real Estate FAQ

Do I Need Flood Insurance?

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

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

What Is An Appraised Value?

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

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 ...

Do I Need Earthquake Insurance?

If you live in an Earthquake zone. Yes! Typically most homeowners insurance insurance coverage would ...

What Is Loan Amortization?

This calculator will amortize your mortgage over the loan period based on your input. To see a break ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

7 Things to Consider Before Moving to a New City Tax Breaks for the First Time Home Buyer Getting Ready to Sell? Don't make these DIY Mistakes! When to buy a house How is Square Footage Determined?

FAQ

What is earnest money? What do I need to know about Individual Health Insurance? What do I need to know about Universal Life Insurance? What is an agent? What if the computer I want to insure is homemade or custom-built?