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Back-to-back escrow
Back-to-back escrow A closing that is set up so that one party can finalize the purchase of one property and the sale of another at the same time.
RELATED TERMS--------------------------------------
Closing
A period of time, usually less than seven days, after a registration statement is effective and the offering commences, giving the underwriters time to receive payment for the securities
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
SIMILAR TERMS--------------------------------------
Back fill
Soil used to solidify the foundation of a structure.
Back title letter
A document that a title insurance company gives to an attorney specifying condition of the title.
Back-end qualification
When qualifying a prospective buyer for financing, the ratio of the borrower's income to monthly debt obligation is a primary consideration.
Back-end ratio
The ratio of monthly housing costs (PITI) plus long-term debt service to total monthly income.
Backlighting
Illumination coming from a source behind or at the side of an object.
Backup offer
An offer to buy, submitted to a seller, with the understanding that the seller has already accepted a prior offer; a secondary offer.
Backwater valve
A valve in a sewer line that prevents sewage from flowing back into a house.
PREVIOUS AND NEXT TERMS--------------------------------------
Back fill
Soil used to solidify the foundation of a structure.
Back title letter
A document that a title insurance company gives to an attorney specifying condition of the title.
Back-end qualification
When qualifying a prospective buyer for financing, the ratio of the borrower's income to monthly debt obligation is a primary consideration.
Back-end ratio
The ratio of monthly housing costs (PITI) plus long-term debt service to total monthly income.
Backlighting
Illumination coming from a source behind or at the side of an object.
Back-to-back escrow
Backup offer
An offer to buy, submitted to a seller, with the understanding that the seller has already accepted a prior offer; a secondary offer.
Backwater valve
A valve in a sewer line that prevents sewage from flowing back into a house.
Bail bond lien
A real estate owner who is charged with a crime for which he or she must face trial, and may post bail in the form of real estate rather than cash.
Balance
The appraisal principle that states that the greatest value in a property will occur when the type and size of the improvements are proportional to each other as well as the land.
Balance sheet
A report of financial condition, including assets, liabilities and net worth.
This dictionary contains 6433 terms. |
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