Sinking Fund
Fund set aside for periodic payments, aimed at reducing a financial obligation taken out to buy real estate, or to accumulate enough funds to buy property or plant expansion. The principal deposited into the sinking fund earns interest. The total amount accumulated is then used for the desired purpose.
Popular Real Estate Terms
Claude in a contract, title, or mortgage that is subject to being annulled, repealed, or revoked upon the satisfaction of a claim or completion of a future event. ...
Relationship between individuals or entities whereby rights given to one are returned in kind to the other. An example is where one person has the right to use facilities of another with ...
(1) Craft of one who fabricates fine cabinets, furniture, or woodwork. (2) General term describing interior wood finish work performed by cabinetmakers instead of carpenters. (3) Built-in ...
Certificate usually granted by a jurisdictions building department certifying a specified premise has satisfactorily complied with all zoning and building ordinances. This certification is ...
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Written statement of the lender that the buyer of real estate has paid-off the entire mortgage. ...
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Tax concept whereby income not actually received is considered to be constructively received by a taxpayer and thus must be reported. ...
Anything that has physical substance and form, such as land and buildings. ...
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