Late Payment
Definition of "Late payment"
Payment received after the due date. A penalty and/or interest may be charged on such payment. For example, a bank may charge a penalty of $25 if a mortgage payment is received after the tenth of the month.
Popular Real Estate Terms
Neighborhood square somewhat resembling a park. It is often owned by town or row house owners situated near the square. ...
To clip or prune shrubbery,etc. ...
Section of the Internal Revenue Code relating to depreciation. Capital improvements made to real property are depreciable. ...
Geographic location by itself with designated boundaries. An example is a district. ...
If you live anywhere else besides Houston, TX, in the US, you probably heard of zoning ordinances. The reason for that is the city of Houston Texas is the only city that doesn’t use ...
(1) A persons permanent and legal place of residence. While an individual may have one or more residences, it is only possible to have one permanent address. (2) The state where one has ...
Structure built into the water from the land providing a facility for boats to tie up. A dock will often provide utility access ...
Thin wood that is shaped in a wedge and laid together in rows. An example is a roof on a house. ...
Investment made rationally and intelligently as would be expected by a professional person. A reasonable degree of safety and return are expected. A example is an office building with 99% ...
Have a question or comment?
We're here to help.