Development Loan
Loan used by a developer for the purposes of paying development costs. A development loan is paid by unit sale proceeds. See also construction loan.
Popular Real Estate Terms
Loan such as a mortgage that the borrower has consistently made payments on when due over many years. The borrower has proven his creditor worthiness. ...
Rooflike cover that extends over any place to provide shelter from the sun, rain, or wind. ...
Inappropriate and possibly harmful use of land. For example, a factory located on the shore of a river discharges toxic pollutants into the waterway. ...
Legal action between a plaintiff and defendant. ...
Roof constructed on a storage tank designed to expand and contract directly with the level of stored materials (usually liquid). Its design prevents the loss through vaporization of the ...
Interest is due on a loan only if a particular circumstance occurs. ...
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Agreement between a lending institution and borrower where the borrower agrees to extend or spread the collateral of a loan to additional properties beyond the original mortgaged property. ...
Contractual clause allowing one or both parties to terminate the agreement if a specified occurrence takes places. This is a cancellation clause, which allows the agreement to become null ...
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