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Popular Real Estate Glossary Terms
Provision in Social Security: to receive retirement monthly income, a participant must have earned income on which Social Security taxes were paid for at least 10 years or 40 quarters. ...
(1) Any asset purchased for use in production over long periods of time rather than for resale. It includes land, buildings, plant, and timber reserves. (2) In taxation, property held by a ...
Total amount of commissions and expense allowances paid by the reinsurer to its ceding company minus the total amount of reinsurance commissions and expense allowances that, in turn, its ...
The ratio of housing expense to borrower income. This ratio is one factor used in qualifying borrowers. ...
An individual or business that buys someone else's equity in property but may not assume any responsibility for a loan balance. ...