Expectation of a monetary loss that can be covered by insurance. Insurable interest varies according to the type of policy. These relationships give r ...
Legal right of the buyer of real estate for the acquisition price paid if the seller does not render the deed to the property. The buyer's lien is not ...
Interest rate on a mortgage is changed periodically based on the change in a general price index to take into account inflation, such as a yearly adju ...
A company that is terminated within 3 years. According to the tax law, a gain arising from the sale or liquidation of such a business is considered or ...
Legal suit in which the plaintiff sues the defendant for some reason. A counterclaim of litigation is to exercise one's legal rights. There are many c ...
A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...
Homeowners association is a nonprofit association that manages the common areas of a condominium or \"planned unit development\" (PUD). Unit owners pa ...
A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affiliated with the "National Association of REALTORS� ...
A proration is the division of certain fees. If the sellers have paid the taxes six months in advance, for example, they may want a portion of that pa ...
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