Origination Fee
A charge for processing a loan, usually deducted from the proceeds rather than paid separately.
Why it matters: You pay interest on money you never received, which is why APR exceeds the quoted rate.
Run the loan payment →7 terms
Dictionary — O
Origination Fee, Out-of-Pocket Maximum, Overtime Premium, Occurrence Policy and more. Each definition explains what the term means and why it changes a number.
Out-of-Pocket Maximum
The annual cap on what you pay in deductible, copays and coinsurance for in-network care.
Why it matters: It is the number that turns an unlimited medical exposure into a known worst case.
Run the treatment & rehab cost →Overtime Premium
The portion of overtime pay above your regular hourly rate — the extra half in time and a half.
Why it matters: Only this premium portion qualifies for the federal overtime deduction, not the whole overtime cheque.
Run the no tax on overtime deduction →Occurrence Policy
Cover responding to incidents that happened during the policy period, whenever reported.
Why it matters: It is more protective than a claims-made policy and usually costs more for that reason.
Run the umbrella insurance needs →Offset
A reduction of one benefit by the amount of another already received.
Why it matters: In offset states, underinsured motorist coverage is reduced by whatever the at-fault driver pays.
Run the uninsured motorist gap →Open Enrolment
The annual window in which health coverage can be chosen or changed without a qualifying event.
Why it matters: Missing it usually means living with the wrong plan for a full year.
Run the health plan comparison →Ordinance or Law Coverage
Coverage for the extra cost of rebuilding to current building codes after a loss.
Why it matters: Without it an older property can be underinsured by the entire cost of code compliance.
Run the roof replacement & insurance claim →Estimates, not advice. Every figure here is produced from the inputs you enter and the formula printed on the page. Rules differ by state, carrier, lender and contract, so use these numbers to prepare for a conversation with a qualified professional rather than to replace one. See our full disclaimer.