Prepaid Expenses


Definition of "Prepaid expenses"

Expenditures paid for in advance such as property insurance, rent, and interest. Prepaid expenses are not used or consumed until later. They are typically of a recurring nature.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Mortgage Default Ratio

Insurance company's investment in mortgages that have defaulted (mortgages in default) divided by it ...

Small Loss Principle

Statement regarding an insured's retention of low-severity risks because they are not catastrophic, ...

Principle Of Supply And Demand

Economic principle determining the market prices of goods, services, and property. The principle sta ...

Estoppel

Stop or bar, such that one party makes a statement upon which a second party has every reason to rel ...

Uniform Transfers To Minors Act (utma)

Act in which a life insurance company is permitted to transfer the death benefit from the policy to ...

Off-site Costs

Expenditures incurred to improve a specific real estate development; however, these improvements are ...

Related Real Estate FAQ

What Is A Mortgage?

A mortgage is a legal document that pledges your property as security (like collateral) for a loan. ...

What Is A Point?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

What Is An Origination Fee?

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

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

What Is A Maintenance Fee?

A maintenance fee is a charge by condominium associations, co-ops, or other homeowners associations ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

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

Real Estate Open House - The Dos and Don'ts How to become a real estate agent Short Sale Homes Top Five Reasons Your Home Offer was Rejected Is it better to buy or sell a home first

FAQ

How much money can I borrow to buy a home? What is commission? What do I need to know about Auto Insurance? What is a cap? What is a rate lock?