Galloping Inflation | Real Estate Glossary

Definition of "Galloping inflation"

Also called hyperinflation. Very high rate of inflation rate.

Fund in a segregated account to provide for the return of unearned premiums on policies that are can ...

A floor where the binding joists support the common joists above and the ceiling below. ...

Risk that substantially fails to meet the requirements OF INSURABLE RISK. ...

Irrevocable trust into which the grantor places assets and receives in turn a fixed amount of income ...

An incomplete, unfinished, interrupted right. For example, a wife has an inchoate dower's right to h ...

Combination life insurance policy consisting of ordinary life and double the amount of term life. Sh ...

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

An origination fee is a fee paid to a lender for processing a loan application. ...

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

A mortgage broker is an intermediary who ensures a loan between a borrower and lender. The broker ta ...

Whether you are a .boomer. an .X-er. or an .empty Nester. it is never to or too late . to think abou ...

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

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