Residue


Definition of "Residue"

What remains after something is removed, such as substances left after a pollution treatment facility is removed.

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Popular Real Estate Terms

Tax Preference Item

Item falling under Section 57 of the Internal Revenue Code that may result in the imposition of the alternative minimum tax (AMT). These items of othe ...

Real Income

Inflation adjusted income relative to be a base period. For example, real rental income is adjusted for changing price levels. ...

Payment Cap

Limit on how much a borrower's payment can increase. ...

Exculpatory Clause

Contractual clause freeing a party from personal liability. Foe example, an exculpatory clause in a mortgage agreement provides a mortgagor the abilit ...

Capital Assets

(1) Any asset purchased for use in production over long periods of time rather than for resale. It includes land, buildings, plant, and timber reserve ...

Exterior Finish

The external covering finish of a structure which protects it from the elements. Exterior finish materials, including shingles, siding, and paints, ar ...

Popular Real Estate FAQ

What Is A Gift Letter?

A gift letter is when an individual gives you money for a down payment as a gift, that person must write you a gift letter so that it can be included ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to enter the community. ...

What Is An Appraised Value?

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the property. ...

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest, property taxes, and insurance (OITI)-compared to ...

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