Definition of "Rebate"
- Amount paid back or credit given because of an overcollection or the return of property sold. Also called refund.
- Unearned interest refunded to a borrower if the loan is paid off before maturity.
- Payment to a buyer after a purchase is made as an inducement to buy.
Popular Real Estate Terms
Articles of personal property installed by a tenant under the terms of a lease for purposes of use in his or her trade or business, Trade fixtures are removable by the tenant before the ...
Expenditures incurred subsequent to the building of a structure. ...
A lien which is secondary to a senior lien and cannot be paid until the senior lien is satisfied. ...
High quality, premium wood to be used in construction such as for home building. ...
Situation in which an owner of property sells the property to an investor and then leases the property back, usually for a 20- or 30- year term. ...
Person's title to real estate giving him exclusive power and rights owner it. ...
The angle of a roof in relation to its horizontal axis expressed as a ratio of inches (cmm) per foot of horizontal distance. The sloping of ground, such as sloping ground away from the ...
The term comparables is used to better determine the value an asset has when compared to others, similar to it. Real estate comparables are used in assessments to determine a house’s ...
person's behavior partly genetic and partly learned through experience over time. Some people have good personal traits while others have poor ones. ...
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