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First-loss position
First-loss position The position in a security that will suffer the first economic loss if the underlying assets lose value or are foreclosed on.
RELATED TERMS--------------------------------------
Security The property that will be pledged as collateral for a loan.
Will A written document, properly witnessed, providing for the transfer of title to property owned by the deceased, called the testator.
Assets Real and personal property in which a person has an unencumbered ownership or equity and which has value.
Value The measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability.
SIMILAR TERMS--------------------------------------
First charge If your property is collateral for more than one property and the borrower defaults on payments, the lender with First Charge has the option to repossess the home.
First lien Primary claim by the lender for satisfaction of outstanding debt. A first mortgage creates a first lien.
First mortgage Mortgage holding priority over the claims of subsequent lenders against the same property.
First refusal right, or right of first refusal A lease clause giving a tenant the first opportunity to buy a property or lease additional space in a property at the same price and on the same terms and conditions as those contained in a third-party offer that the owner has expressed a willingness to accept
First Time Buyer (FTB) Someone who is buying a home for the first time.
First-generation space Generally refers to new space that is currently available for lease and has never before been occupied by a tenant
PREVIOUS AND NEXT TERMS--------------------------------------
First lien Primary claim by the lender for satisfaction of outstanding debt. A first mortgage creates a first lien.
First mortgage Mortgage holding priority over the claims of subsequent lenders against the same property.
First refusal right, or right of first refusal A lease clause giving a tenant the first opportunity to buy a property or lease additional space in a property at the same price and on the same terms and conditions as those contained in a third-party offer that the owner has expressed a willingness to accept
First Time Buyer (FTB) Someone who is buying a home for the first time.
First-generation space Generally refers to new space that is currently available for lease and has never before been occupied by a tenant
First-loss position
Fiscal policy The government's policy in regarding to taxation and spending programs.
Five-Year Treasury Constant Maturity An index published by the Federal Reserve Board based on the average yield of a range of Treasury securities, all adjusted to the equivalent of a five-year maturity.
Fixed A time period that is fixed for each calendar year, either by date or by calendar weeks; most in numerical sequence 1-52.
Fixed costs Costs that do not fluctuate in proportion to the level of sales or production
Fixed expenses Those recurring expenses that have to be paid regardless of whether the property is occupied;.
This dictionary contains 6433 terms. |
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