Installment Note
Definition of "Installment note"
Obligation requiring payments of interest and principal at periodic dates, usually monthly. Interest equals the balance of the loan at the beginning of the period multiplied by the interest rate. The principal reduction equals the cash payment less the interest charge.
Popular Real Estate Terms
Legal abbreviation meaning with husband. ...
Building a structure in such a way as to reduce the process of destruction in the event of fire. Fire-resistant materials are used. ...
Highly subjective term, usually an expression of monetary worth applied to a particular piece of real estate property. ...
Work required as a court judgment because of a crime committed. ...
Room containing a toilet and wash basin, but does not include a shower or bath tub. ...
Buying real property subject to risk. For the high risk undertaken, the expected return is higher. The investor may lose all of part of the initial investment. ...
The part of the amount received from selling or exchanging real property that is taxable income. ...
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You can often bump into the question of what is lot and block in real estate before selling or purchasing a piece of land. This entry will shed light on the lot and block ...
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