Realty Partners LLC

Real Estate Glossary Terms

• Equity Buildup

  The increase in a person's equity in a real estate due to the reduction in the mortgage loan balance and price appreciation. ...

• Steep Land

  Land located on a precipice. ...

• Corporate-owned Life Insurance

  Insurance on the life of the employee, paid for by the company, with the company being the beneficiary under the policy. This insurance vehicle is being used more and more to fund postretirement employee plans, in which the cash values are listed as assets on the company's balance sheet. ...

• Multiemployer Trust

  One that provides group health or pension benefits for a multiemployer plan. To lower the cost, small firms band together to take advantage of the economies of large group underwriting. ...

• Pension Benefit Guaranty Corporation Participant Notice Requirement

  Notice added to the employee retirement income security act (erisa) requiring the employer to disclose the following information concerning the pension plan to the employee: ...