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Insurance binder
Insurance binder A written statement that warrants that an insurance policy will be issued on a property when title is transferred.
RELATED TERMS--------------------------------------
Statement
A detailed record of transactions in a bank customer's account(s) for a certain period, usually each month, which shows debits, credits, transfers, payroll deposits, account balance, check fees, service charges, ATM activity, etc.
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
Will
A written document, properly witnessed, providing for the transfer of title to property owned by the deceased, called the testator.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
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Insulation
Materials including cellulose, glass fiber, rock wool, polystyrene, urethane foam and vermiculite that slow heat loss.
Insurable title
Title that a title insurance company is willing to insure.
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
Insurance companies
Insurance companies accumulate large sums of money from the premiums paid by their policyholders.
Insurance company separate account
A real estate investment vehicle that may only be offered by life insurance companies. This ownership arrangement enables an ERISA-governed fund to avoid the creation of unrelated taxable income for certain types of property investments and investment structures.
Insured mortgage
A mortgage insured against loss to the mortgagee (lender) in the event of default and failure of the mortgaged property to satisfy the balance owing plus cost of foreclosure.
PREVIOUS AND NEXT TERMS--------------------------------------
Institutional-grade property
Various types of real estate properties generally owned or financed by tax-exempt institutional investors. Core investments typically include office, retail, industrial and apartments.
Instrument
A written legal document created to secure the rights of the parties participating in the agreement.
Insulation
Materials including cellulose, glass fiber, rock wool, polystyrene, urethane foam and vermiculite that slow heat loss.
Insurable title
Title that a title insurance company is willing to insure.
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
Insurance binder
Insurance companies
Insurance companies accumulate large sums of money from the premiums paid by their policyholders.
Insurance company separate account
A real estate investment vehicle that may only be offered by life insurance companies. This ownership arrangement enables an ERISA-governed fund to avoid the creation of unrelated taxable income for certain types of property investments and investment structures.
Insured mortgage
A mortgage insured against loss to the mortgagee (lender) in the event of default and failure of the mortgaged property to satisfy the balance owing plus cost of foreclosure.
Interest
Money paid to a lender as compensation for money that is borrowed.
Interest accrual rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
This dictionary contains 6433 terms. |
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