Default Charge | Real Estate Glossary

Definition of "Default charge"

Beth Drake

Keller Williams Realty

Penalty charged if an amount owed on the purchase of real estate is not paid on time,

Same as term Final insurance: premiums paid out of funds borrowed from the cash value of a life insu ...

Same as term Contingency reserve: percentage of total surplus retained, in insurance company operati ...

Approving or permitting an action to occur. ...

Additional value of property bounded on two sides by intersecting roadways. Generally speaking, corn ...

Value of loss resulting from loss of use of property. For example, a fire damages the structure of b ...

Owner-occupied housing. ...

A fixed-rate mortgage is a type of mortgage in which the interest rate is fixed for the life of the ...

An interest rate is the percentage the lender charges you for borrowing money. ...

Basic points relates to changes in the interest rate for your home. ...

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

Every person has a different idea of what financial security means. If so, should happen to you, how ...

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

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