Abstract


Definition of "Abstract"

An abridged copy or summary of a document.



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Related Real Estate Glossary terms

Aka

Also known as. ...

Voluntary Life Insurance

Additional amount of life insurance above that provided by the employee benefit plan (standard group ...

Voluntary Deductible Employee Contribution Plan

Pension plan that allows an employee to contribute by electing to have money deducted from each payc ...

Closing Escrow

All of the conditions of the purchase and sale agreement have been fulfilled. The escrow agent prepa ...

Loan Rates

The interest rate charged for a loan. For example, John obtained a $10.000 loan from the bank chargi ...

Deferred Group Annuity

Retirement income payments for an employee that begin after a stipulated future time period, and con ...

Related Real Estate FAQ

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or run ...

What Is A Foreclosure?

A foreclosure is the legal process by which a mortgage property is seized due to default and then so ...

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

What Is An Annuity?

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

What Is An Adjustable-rate Mortgage (ARM)?

A type of mortgage in which the interest rate is keyed to a certain economic index and is adjusted a ...

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