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Cap
Cap A limit, such as that placed on an adjustable rate mortgage, on how much a monthly payment or interest rate can increase or decrease.
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Rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
Mortgage
A legal document pledging property as security for the payment of a loan.
Interest
Money paid to a lender as compensation for money that is borrowed.
SIMILAR TERMS--------------------------------------
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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.
Canopy
A hood or cover usually over a cook top or open fire
Cantilever
A projecting structure supported on one end, such as a balcony.
Cap
Cap and collar mortgage
Not only is a maximum rate of interest set but a minimum rate too.
Capacity of parties
The legal ability of people or organizations to enter into a valid contract.
Cape Cod style
A wood-frame or shingled house with a steep roof and several windows projecting from the second floor.
Capital
Accumulated wealth.
Capital appreciation
The change in market value of a property or portfolio adjusted for capital improvements and partial sales.
This dictionary contains 6433 terms. |
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