(1) The interest rate charged on a construction loan. (2) The rate at which construction loan progress payments are made. See also bridge loan; bullet mortgage; development loan. ...
Same as term right of first refusal: Right of an individual to be offered something before it is offered to others. For example, a tenant whose apartment is going to be converted to a ...
Voluntary giving up of a right of a lien, usually on a temporary basis. The
waiver may be explicitly stated or implied. An example is when a lender waives its right of lien against ...
Recognizing revenue when earned and expenses when incurred regardless of when cash is received or paid. This differs from cash basis accounting, which records revenues and expenses only ...
Regular pattern of expansion (recovery) and contraction (recession) in total economic activity surrounding a growth trend, including the impact of economic variables such as employment and ...
Writ issued by the court requiring a person to appear as a witness or to provide written information in the case. A contempt of court citation may occur for failure to observe the subpoena. ...
The first answer that comes to mind when someone asks how does where you live affect how you live is: do you have a lot of spare time? Because this one takes a while to answer…
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Wondering how big is an acre?It is common to hear people say that it's almost the size of a football field without both end zones. But sometimes *almost* is not enough and you need to know ...
Yes and no.The yes part of the answer is pretty standard; we’ve been covering it in the many many articles we put out on our real estate advice and tips page exposing the ...
“What states allow tiny houses?” – that’s a very simple question that yields a very complicated answer.And that’s because:
Building codes vary not only from ...
Wondering what is the best noise pollution definition? You can understand both words but they seem weird together, right? Is the noise pollution definition something like noises that are ...
If you’re looking into how to get a job in real estate and arrived at this page: congratulations; you’ve just made a big step toward your first real estate job!
Not only ...
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