Call option
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  Call option



Call option

   The lender can demand the mortgage be paid back by the end of a specified period for any reason.

RELATED TERMS
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Lender
A term which can refer to the institution making the loan or to the individual representing the firm.

Demand
The amount of goods people are willing and able to buy at a given price; often coupled with supply.

Mortgage
A legal document pledging property as security for the payment of a loan.



SIMILAR TERMS
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Call date
Periodic or continuous rights given to the lender to cause payment of the total principal balance prior to the maturity date.

Callao property
Property in Callao, Peru. Apartments, flats, houses, offices and other property in Callao.



PREVIOUS AND NEXT TERMS
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Cal-firpta
California's version of the federal FIRPTA, a tax act which became effective in 1988 and was subsequently amended in September, 2002 to become a withholding tax for residents and non-residents who sell California real estate.

California Environmental Quality Act
The Act allows local governments to require environmental impact reports for private or government projects that may have a significant impact on the environment.

California Housing Financial Discrimination Act of 1977
Also known as the Holden Act, it is a California act prohibiting discrimination by a lender for any reason unrelated to the creditworthiness of the loan applicant.

California Residential Mortgage Lending Act
An act administered by the Commissioner of Corporations which provides licensing authorizing mortgage lending and brokering.

Call date
Periodic or continuous rights given to the lender to cause payment of the total principal balance prior to the maturity date.

Call option

Cal-vet
A program to help eligible California Veterans finance the purchase of farms and ranches within the state.

Camping membership
A term related to time-shares, used for a membership to a resort or resort community catering to campers, some of which are affiliated with national organizations providing camping locations for members in many states and other countries.

Can lights
Cylindrical chambers with bulbs recessed into the ceiling.

Canceling escrow
Providing written notification that an escrow is to be terminated.

Cancellation clause
A provision in a contract (e.g., lease) that confers the ability of one in the lease to terminate the party's obligations.

This dictionary contains 6433 terms.
      












                    © Real Estate Dictionary 2005 - All rights reserved -

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