Spreading Agreement
Agreement between a lending institution and borrower where the borrower agrees to extend or spread the collateral of a loan to additional properties beyond the original mortgaged property. The effect of this agreement is to reduce the risk of collection by the lender by enlarging the security base of the loan.
Popular Real Estate Terms
Statement made verbally. It is better legally to have a written statement because verbal ones without witnesses may be denied. ...
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Money payments to be delayed for a future date or extended over a period of time. ...
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Giving of a promise or guarantee to the receiver to instill confidence. ...
Recurring obligation or assurance given. ...
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