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Popular Real Estate Questions

Popular Real Estate Glossary Terms

Same as term Expected Loss: probability of loss upon which a basic premium rate is calculated. ...

The definition of short rate cancellation is a penalty method that is applied when an insurance policy is canceled before its expiration date. This penalty method uses a table to determine ...

Entitlement to pension benefits without a reduction, even though an employee is no longer in the service of an employer at retirement. For example, under the ten year vesting rule, an ...

The definition of option explains the term as something that can be chosen in spite of having multiple other alternatives. It could be an option for food, which shows a preference for one ...

Arrangement by which the insured agrees to incur a given degree of variability in the ultimate total costs associated with financing its losses. ...