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Equity trust
Equity trust An investment trust dealing with ownership rather than financing.
RELATED TERMS--------------------------------------
Investment
Money directed toward the purchase, improvement and development of an asset in expectation of income or profits.
Trust
An arrangement whereby legal title to property is transferred by the grantor (or trustor) to a person called a trustee, to be held and managed by that person for the benefit of another, called a beneficiary.
Ownership
The right to possess and use property to the exclusion of others.
SIMILAR TERMS--------------------------------------
Equifax
One of the Big Three credit bureaus, along with Experian and Trans Union.
Equitable lien
A lien arising out of common law—in contrast to a statutory lien, which is imposed on property by statute.
Equitable redemption
A defaulted property owner recovering his or her property prior to its sale by curing the default.
Equitable right of redemption
The right of a defaulted property owner to recover the property prior to its sale by paying the appropriate fees and charges.
Equitable title
The interest held by a vendee under a contract for deed or an installment contract; the equitable right to obtain absolute ownership to property when legal title is held in another's name.
Equity
The difference between the market value of a property and the amount still owed on the mortgage.
Equity loans
A loan based on a percentage of the equity a borrower holds in a collateral property.
Equity release
This occurs when the homeowner takes out a mortgage on the property despite fully owning the house.
Equivalent level rate (ELR)
Flat rate per square foot that will equal the same total present value as a proposed lease's variable cash flows.
PREVIOUS AND NEXT TERMS--------------------------------------
Equitable right of redemption
The right of a defaulted property owner to recover the property prior to its sale by paying the appropriate fees and charges.
Equitable title
The interest held by a vendee under a contract for deed or an installment contract; the equitable right to obtain absolute ownership to property when legal title is held in another's name.
Equity
The difference between the market value of a property and the amount still owed on the mortgage.
Equity loans
A loan based on a percentage of the equity a borrower holds in a collateral property.
Equity release
This occurs when the homeowner takes out a mortgage on the property despite fully owning the house.
Equity trust
Equivalent level rate (ELR)
Flat rate per square foot that will equal the same total present value as a proposed lease's variable cash flows.
ERISA (Employee Retirement Income Security Act)
Legislation passed in 1974 and administered by the Department of Labor that controls the investment activities primarily of corporate and union pension plans. More public pension funds are adopting ERISA-like standards.
Erosion
The gradual loss of soil due to the operation of currents, tides or winds.
Errors and omissions insurance
Malpractice insurance that protects architects, home inspectors and contractors from claims by clients for professional mistakes.
Escalation clause
A clause in a lease providing for an increased rent at a future time due to increased costs to lessor, as in cost of living index, tax increases, etc.
This dictionary contains 6433 terms. |
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