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Popular Real Estate Questions

Popular Real Estate Glossary Terms

People often bump into the question: "What is the statute of limitations?" So, let's shed light on the statute of limitation definition in simple words! A statute of limitations is like a ...

Loan paid off in periodic equal installments which includes varying portions of principal and interest during its term. ...

Coverage for a group of individuals under one policy. Usually, members belong to a particular company, union, or trade association. In a contributory plan a lump sum premium is paid by the ...

Document setting out the responsibilities of a borrower, such as a corporation issuing bonds, and the powers of a trustee who will be looking after the interests of the bondholders. ...

Law of the state establishing guidelines and requirements for constructing buildings. The standard may differ between the states. ...