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 Excess of Loss Reinsurance: method whereby an insurer pays the amount of each claim for ...

Financial instrument such as a fixed dollar annuity or bond that pays a minimum periodic income at a ...

Same as term Graduated Life Table: mortality table that reflects irregularities from age to age due ...

Trust deed. ...

Large room at the entrance to a building designed for people to converse or move about freely. ...

Exemption in ocean marine policy for losses caused by strikes, riots, and civil commotion. ...

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

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

A morgagee is the lender. ...

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