Deposit Receipt
Written acknowledgment that money has been paid by someone as a deposit into an account or for the purchase of property or services. Examples are a receipt given by the bank for a deposit made to a savings or checking account, a receipt given to a buyer of real estate who has made a down payment, and a receipt given to a homeowner by contractor for an advance payment for future services to be rendered.
Popular Real Estate Terms
What does viz. mean? The meaning of viz. derives from the Latin word videlicet which is translated into English as namely, that is, which is, as follows. You may encounter it in legal ...
The meaning of a disclosure statement is a legal document signed by both parties, the lender and the borrower or buyer. This statement outlines the terms and conditions, the potential ...
Worth of the property part which is left subsequent to a condemnation action. ...
Established federal, state or local structural building requirements that have to be adhered to so as to receive certification by the government authority. Housing code enforcement is ...
The prime rate, a benchmark interest rate banks use, plays a significant role in the real estate market. Essentially, it’s the interest rate that commercial banks charge their most ...
Wires, such as for electricity, places beneath the floor of a structure. ...
Land subject to an easement. ...
Person's title to real estate giving him exclusive power and rights owner it. ...
Suppose you are a house hunter, buyer, seller, realtor, or investor. In that case, you've probably come across the term "Gross Rent Multiplier" or GRM. But what exactly is it? Let's shed ...
Have a question or comment?
We're here to help.