Balancing The Books | Real Estate Glossary

Definition of "Balancing the books"

(1) Reconciling the records to show agreement. (2) Agreement of the records to physical amounts.

Life insurance contract that pays its owner dividends, which can be: taken as cash; applied to red ...

A delay in making a principal payment on a mortgage that a bank allows a debtor for current finan ...

Professional designation earned after the successful completion of six national examinations given b ...

Unexpected, unforeseen event not under the control of the insured that results in bodily injury. ...

Having the builder borrow the money needed for construction. ...

Amount still unpaid at a particular date on a loan or other financing agreement. ...

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. Th ...

A borrowers other debts, such as auto loans and credit cards, figured into the debt-to-income ratio. ...

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

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

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