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Coupon
Coupon The nominal interest rate charged to the borrower on a promissory note or mortgage
RELATED TERMS--------------------------------------
Interest
Money paid to a lender as compensation for money that is borrowed.
Rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
Borrower
A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.
Note
A written instrument acknowledging a debt and promising payment
Mortgage
A legal document pledging property as security for the payment of a loan.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Cost-plus contract
An agreement in which a construction contractor receives a fee based on a percentage of all costs paid for labor and materials.
Cottage
A small, one-story house.
Counter offer
A new offer made as a result of another offer, which cancels the original offer
County
A division within a state, usually encompassing one or more cities or towns.
County Court Judgement (CCJ)
An adverse ruling for debts obtained against a person by a creditor in a county or higher court.
Coupon
Covenant
A written agreement inserted into deeds or other legal instruments stipulating performance or non-performance of certain acts, or use or non-use of a property and-or land
Covenant against encumbrances
The grantor warrants that the property is free from liens or encumbrances, except for any specifically stated in the deed.
Covenant of further assurance
The grantor promises to obtain and deliver any instrument needed to make the title good.
Covenant of quiet enjoyment
The covenant implied by law by which a landlord guarantees that a tenant may take possession of leased premises and that the landlord will not interfere in the tenant's possession or use of the property.
Covenant of seisin
The grantor warrants that he or she owns the property and has the right to convey title to it ("seisen" simply means "possession").
This dictionary contains 6433 terms. |
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