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Popular Real Estate Glossary Terms
Clay-baked, glazed piping that is not damage by water. It is often used in underground drainage. ...
On an ARM, the assumption that the interest rate rises to the maximum extent permitted by the loan contract. ...
Difference between the actuarial equivalent (rate) and the often lower rate actually charged to insure a risk. ...
(1) An arrangement to buy real estate at a specified price and conditions. The failure to honor the commitment may result in damages. (2) Bank commitment to lend money in connection with ...
Risk management control procedure that emphasizes safety management. Its purpose is to reduce the frequency and severity of potential losses. Business firms apply this procedure by posting ...