Central Business District

Definition of "Central business district"

Primary business district of a city or urbanized area having the areas major governmental offices, professional, and retail businesses represented.

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Related Real Estate Glossary terms

Statutory Restriction

Limitation imposed on insurance companies by state law. States oversee the insurance industry, being ...

Worst-Case Scenario

On an ARM, the assumption that the interest rate rises to the maximum extent permitted by the loan ...

Dower Interest

Wife's interest in her husband's property upon his death. The wife has an insurable interest in that ...

Index Of Residential Construction Cost

Index of the costs to construct residential properties. ...

Single Premium Life Insurance

Coverage in which one premium payment is made and the policy is fully paid up with no further premiu ...

Annuity In Arrears

See ordinary annuity. ...

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What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

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An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is A Wraparound Mortgage?

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

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What do I need to know about Renters Insurance, and what does it cover? What does the Real Estate Settlement Procedures Act (RESPA) require? What is homeowners association (HOA)? What is a negative amortization? What is a spec house?