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Extended redemption penalty
Extended redemption penalty An early redemption charge that lasts beyond the benefit period is referred to as an extended or overhanging redemption penalty.
RELATED TERMS--------------------------------------
Redemption
The process of paying off the mortgage at the end of the mortgage term.
SIMILAR TERMS--------------------------------------
Extended coverage policy
A title insurance policy that covers risks normally excluded by most standard coverage policies. The standard policy normally insures the title only as shown by the public records.
Extender clause
1) A condition, once found in most listing forms, providing that the listing would continue for a set period of time, such as 90 days, and then would be automatically renewable until the parties agreed to terminate it. 2) A "carryover" clause (often referred to as a safety clause) may be contained in a listing.
Extension option
Right granted by the landlord which provides the option of adding more space to the premises.
Extensions
Written or verbal extensions of dates in the offer to purchase and the purchase and sale agreement.
External depreciation
Reduction in a property's value caused by outside factors (those that are off the property).
External obsolescence
A type of incurable depreciation caused by negative factors not on the subject property, such as environmental, social or ecomomic forces.
PREVIOUS AND NEXT TERMS--------------------------------------
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A section of the offer to purchase designed to give the offer a time limit after which the offer is withdrawn.
Express agency
A stated (written or verbal) agency agreement.
Express agreement-contract
An oral or written contract in which the parties state the contract's terms and express their intentions in words.
Express authority
The stated (written or verbal) authority of an agent.
Extended coverage policy
A title insurance policy that covers risks normally excluded by most standard coverage policies. The standard policy normally insures the title only as shown by the public records.
Extended redemption penalty
Extender clause
1) A condition, once found in most listing forms, providing that the listing would continue for a set period of time, such as 90 days, and then would be automatically renewable until the parties agreed to terminate it. 2) A "carryover" clause (often referred to as a safety clause) may be contained in a listing.
Extension option
Right granted by the landlord which provides the option of adding more space to the premises.
Extensions
Written or verbal extensions of dates in the offer to purchase and the purchase and sale agreement.
External depreciation
Reduction in a property's value caused by outside factors (those that are off the property).
External obsolescence
A type of incurable depreciation caused by negative factors not on the subject property, such as environmental, social or ecomomic forces.
This dictionary contains 6433 terms. |
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