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Existing liabilities
Existing liabilities Expenses taken into account by a mortgage lender when assessing an applicant’s ability to repay the loan.
RELATED TERMS--------------------------------------
Mortgage
A legal document pledging property as security for the payment of a loan.
Lender
A term which can refer to the institution making the loan or to the individual representing the firm.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Executor
A person named in a will to administer an estate. The court will appoint an administrator if no executor is named.
Executory contract
A contract under which something remains to be done by one or more of the parties.
Executrix
A female person appointed by a testator to carry out the directions and requests in his or her last will and testament, and to dispose of his or her property according to the provisions of the will.
Exemplary damages
Monetary damages that go beyond the actual compensatory damages. They are awarded to punish a wrongdoer for fraudulent, malicious and wrongful conduct.
Exhaust fan
Ventilating devices that remove water vapor, undesired smells or smoke.
Existing liabilities
Exit strategy
Strategy available to investors when they desire to liquidate all or part of their investment
Expansion option
Right granted by the landlord which provides the option of adding more space to the premises.
Expense stop
Fixed amount in a lease that serves as a limit on the amount for which the tenant is responsible, in the event expenses exceed a pre-stated amount.
Experian
One of the Big Three credit bureaus, along with Equifax and Trans Union.
Expiration date and time
A section of the offer to purchase designed to give the offer a time limit after which the offer is withdrawn.
This dictionary contains 6433 terms. |
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