Definition of "Financing statement"

Lisa Grande real estate agent

Written by

Lisa Grandeelite badge icon

Re/Max Select

Same as term financial statement : Report containing financial information about a business or individual. The required financial statements for a real estate company are balance sheet, income statement, and statement of cash flows. An individual may prepare a financial statement, such as to obtain a real estate loan from the bank.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

The adjudication definition is a legal ruling or judgment used in the justice system when a case is settled or finalized. To define adjudication, we must look at the justice system and how ...

Certificate usually granted by a jurisdictions building department certifying a specified premise has satisfactorily complied with all zoning and building ordinances. This certification is ...

Fee paid only if other criteria are met. ...

As a legal term, abandonment defines a deliberate renunciation of rights to an asset or a business relationship. What does abandonment mean in real estate? In real estate, abandonment, ...

Oral or written contract that is not enforceable by the judicial system. Examples are contracts with minors, fraudulent agreements and contracts that exceed the statute of limitations. ...

Legal responsibility for something. For example, an owner of commercial property (e.g., restaurant) is legally obligated for damages on that property (e.g., restaurant patron falls and ...

A floor where the binding joists support the common joists above and the ceiling below. ...

The seller disclosure is a statement made in good faith regarding the condition of the home he/she is trying to sell. There is a seller disclosure form – called “Form 17” ...

See effective tax rate. ...

Popular Real Estate Questions