Definition of "Fungible"
Goods that are freely substitutable. It is goods of a given class or type, any unit of which is as acceptable as another, and capable of satisfying an obligation expressed in terms of the class. For example, bushels of rice are fungibles, while parcels of real estate are not.
Popular Real Estate Terms
A rental stipulation a varying rental rate. Rental rate are determined tied to periodic appraisals or an inflation or an inflation index. The provision is more common in a long-term leases. ...
A two-by-four used for wall resilience and partitioning. Studs rest on it. ...
A clause that may be inserted in a listing agreement stating no commission will be paid to the broker until the property title has actually been transferred. Normally, willing and able ...
An insurance contract or home warranty, usually for one year, covering electrical, plumbing, heating, etc. ...
Created by the US Congress in 1965, the Department of Housing and Urban Development (HUD) is the agency principally responsible for federal programs relating to housing and urban ...
Roof with one side that is at a sloped angle. ...
Group of investors pooling their money to purchase real estate. ...
Retail businesses next to each other with common walls on each side and the same roof. ...
It is intended to stimulate private investment in distressed cities and urban counties by providing federal "seed money' to attract private funds for such projects as industrial parks and ...
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