Premium


Definition of "Premium"

Bobby Atkins
  Venture Realty


  1. Periodic fee paid for insurance protection.
  2. Amount paid for real estate above the expected prevailing price.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Early Retirement

Term in pensions; leaving a job before normal retirement age, subject to minimum requirements of age ...

Use Density

percentage of land that may be used productively to the total square footage of the land. For exampl ...

Policy Fee System

Flat dollar amount added to arrive (premium rate per $1000 of face amount x face amount) at the prem ...

Supplemental Security Income (ssi)

Income supplement program under Social Security to provide a minimum monthly income to aged, blind, ...

Assumption Agreement

See assumption of mortgage; deed of trust. ...

Federal Savings And Loan Association

Charter issued by The Office of Thrift Supervision, under the U.S. Department of Treasure, to an ins ...

Related Real Estate FAQ

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 ...

What Is A Buildable Acre?

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

Why Should I Use A Real Estate Agent?

A real estate agent is more than just a \"sales person.\" They act on your behalf as your agent, pr ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

How Much Life Insurance Do I Need?

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

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

Agents join here
Add our widget on your Website

Real Estate Advice

Getting Ready to Sell? Don't make these DIY Mistakes! 5 signs of house foundation problems 3 tips to ensure your sale goes through Is it better to buy or sell a home first Foreclosure - The Pros and Cons of Buying

FAQ

What is joint tenancy? What is the difference between being prequalified and preapproved for a loan? What is a FHA mortgage? What is the APR for This ARM Loan? What is Loan Amortization?