Definition of "Tangible"
Anything that has physical substance and form, such as land and buildings.
Popular Real Estate Terms
Neighborhood square somewhat resembling a park. It is often owned by town or row house owners situated near the square. ...
Did you invent something recently? Even if it’s the smallest device or idea, such as a fidget spinner, it would be best to submit a patent application for your idea (or seek patent ...
When the return on borrowed funds exceed the after-tax interest cost. It is profitably using other people's money. ...
The term compounding refers to the process of gaining interest on interest. While usually, interest is credited to the existing principal amount, compounding makes it possible to credit ...
Section of the Internal Revenue Code that addresses tax-free exchanges of certain property. The general provisions for a tax-free exchange of real estate are that the properties must be ...
Clause in a mortgage that allows the borrower to pay more than the monthly amount and to retire the loan early without a penalty. ...
Balcony or low ceiling overhang just above the main floor and between the next story. In a theater, a mezzanine is the first balcony above the stage. ...
Written statement of the lender that the buyer of real estate has paid-off the entire mortgage. ...
property suitable for residential living, such as a house, duplex, apartment, mobile home, or condominium. ...
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