Definition of "Discount"
(1) The difference between future value and present value of a payment. (2) A reduction in the amount due for early payment. (3) Discount loan. (4) Taking into account all available good or bad news about a real estate property in evaluating its current price. It is called discounting the news.
Popular Real Estate Terms
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A simple box-shaped house with clapboard siding and a gable roof. ...
Linkage of property ownership that connects the present owner to the original source of title. ...
Statement made verbally. It is better legally to have a written statement because verbal ones without witnesses may be denied. ...
Balcony or low ceiling overhang just above the main floor and between the next story. In a theater, a mezzanine is the first balcony above the stage. ...
Individual who gives false statements under oath, which is a criminal act punishable by imprisonment and fine. An example is signing a tax return that fraudently understates rental income, ...
Certificate issued by the government showing evidence that the veteran is qualified and the amount of guarantee available to maintain a VA loan. It is one of the documents necessary to ...
A certificate of ownership in a real estate company. Pledged assets for a borrowing. An example is an office building serving as collateral for the mortgage. Way of protecting property ...
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