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Abatement
Abatement 1) A reduction or decrease. 2) The removal of a nuisance.
RELATED TERMS--------------------------------------
Nuisance
That which annoys and disturbs one in possession of his or her property, rendering its ordinary use physically uncomfortable.
SIMILAR TERMS--------------------------------------
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ARM 5-1
A 5-1 ARM is an adjustable-rate mortgage (ARM) that has an initial interest rate for five years, and thereafter has an adjustment interval of one year.
ARM 7-1
A 7-1 ARM is an adjustable-rate mortgage (ARM) that has an initial interest rate for seven years, and thereafter has an adjustment interval of one year.
ARM 7-1 (interest only)
A 7-1 interest-only ARM is an adjustable rate mortgage in which none of the payments go toward retiring principal for the first seven years.
A, b, c, d paper
Mortage loans are rated as A, B, C, or D paper. "A" paper loans are the highest quality, lowest risk loans; "B" quality are loans where the borrower has minor credit problems; "C" quality are borrowers with marginal or poor credit; "D" quality indicates very high risk loans.
Abandonment
The voluntary relinquishment of rights of ownership or another form of interest (an easement) by failure to use the property over an extended period of time.
Abatement
Above building standard
Upgraded finishes and specialized designs necessary to accommodate a tenant's requirements.
Abr
The Accredited Buyer Representative designation indicates a real estate agent specializing in representing buyers in the real estate transaction.
Absentee landlord
An owner who does not reside in the place in which he owns real estate from which he derives rental income.
Absolute net
Lease that requires the tenant to pay all costs (including rent) associated with the operation, repair and maintenance of the building.
Absorption rate
The rate at which rentable space is filled.
This dictionary contains 6433 terms. |
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