Rate

The cost of a unit of insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." as determined by insurance companies and state regulators. The rate serves as the basisThe total amount paid for a property, including equity capital and the amount of debt incurred. For for the premiumThe sum paid by a policyholder to keep an insurance policy in force.

Rate

The pricing factor upon which the insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." buyerA market participant who takes a long futures position or buys an option. An option buyer is also called's premiumThe sum paid by a policyholder to keep an insurance policy in force is based.