Deferred Payments

Capability of a party to enter into a contract such as having the financial and physical resources as well as mental competency to meet contractual commitments. ...

An interest rate that is applicable when interest in subsequent periods is earned not only on the original principal but also on the accumulated interest of prior periods. ...

Unit of measure for the change in interest rates for loans. One basis point equates to 1 percent of 1 percent, that is, 0.01 percent. Therefore, one hundred basis points equals 1 percent. ...

A style of architecture originating in Europe in the 1920s. The international architecture design was very functional and emphasized buildings constructed of steel, reinforced concrete, and ...

Fund set aside for periodic payments, aimed at reducing a financial obligation taken out to buy real estate, or to accumulate enough funds to buy property or plant expansion. The principal ...

Unregistered stock or bond that pays the holder dividends (if stock) or interest (if bonds) as well as the selling price when sold (if stock) or principal (if bonds are held to maturity). ...

An estate which descends to heirs in perpetuum. In an estate of inheritance, the current tenant not only has the right to enjoy the property for life, buy his or her tenancy rights pass to ...

Any commercially fabricated and widely available product designed for household and personal use. Consumer goods are available in an open market place and are competitively priced. ...

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

Naples, Florida is a beautiful coastline destination with a population of about 22,000 people. This small and compact city offers it’s residents one of the quietest and most peaceful ...

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So, you’re thinking of moving for the first time to a condominium or an apartment. Well, there are some expenses that you might not have dealt with before. Cost of living and utility ...

Jacksonville Beach is a coastal resort city, located in Duval County, Florida and it is one of the fastest-growing cities in the state. The high quality of life, accessibility, community, ...

There are a lot of reasons to move to Plano Texas. From the ready availability of jobs to the thriving arts community and low crime rates, there are a number of things that may have ...

Located in southern Montgomery County the city of Bethesda, MD has a population of about 60,000 that is rapidly growing. This thriving urban community is well known for a number of things ...

Alexandria is an independent city that is located alongside the Potomac River, and with a population of about 160,000 people, Alexandria’s cost of living is quite high. Being part of ...