Real Estate Terms Glossary
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Impounds: A trust type of account established by lenders for the accumulation of borrower's funds to meet periodic payments of taxes, mortgage insurance premiums, and/or future insurance policy premiums, required to protect their security.
Indemnity: Insurance against possible loss or damage. A title insurance policy is a contract of indemnity.
Internet Broker: A real estate broker that conducts business over the Internet. See also "On Line Broker".
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