Wilkinson ERA Real Estate

Real Estate Glossary Terms

• Debt Financing

  Raising money by mortgages and borrowing the money directly from financial institutions. The presence of debt financing provides financial leverage, which tends to magnify the effects of increased operating profits on the individual and corporation's returns. Interest is tax deductible. Further, ...

• Notarize

  A notary public's guaranteeing the authenticity of a signature. ...

• Penthouse

  Edifice constructed on the to floor of a building usually occupying less than 1/2 the roof area. A penthouse is used for two purposes; one or more luxury apartments directly accessed by a separate elevator or staircase; structure housing elevator, air conditioning and/or other mechanical or electric ...

• Participating Guaranteed Investments Contract (gic)

  Type of guaranteed investments contract in which the interest credited is adjusted on a periodic basis to reflect the investment earnings of the underlying assets of the contract. ...

• Political Risk Insurance: Contingency Insurance

  Insurance coverage that protects a contractor or other type of business providing a service for expenses incurred in the event a contract is not ratified by a foreign government. For example, if a contractor decides to start building a structure prior to the foreign government ratifying the agreemen ...