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Full recourse
Full recourse A loan on which an endorser or guarantor is liable in the event of default by the borrower
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Loan
A sum of borrowed money (principal) that is generally repaid with interest.
Endorser
A person who signs over ownership of property to another party.
Guarantor
One who makes a guaranty
Default
The inability to pay monthly mortgage payments in a timely manner or to otherwise meet the mortgage terms.
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.
SIMILAR TERMS--------------------------------------
Full disclosure
Revealing all known facts which may affect the decision of a buyer or tenant.
Full market value
In reference to property taxes, usually refers to the tax rate applied to 100 percent of the property's value.
Full status
A full-status mortgage is available to those who have been successfully credit checked.
Full-service rent
An all-inclusive rental rate that includes operating expenses and real estate taxes for the first year. The tenant is generally still responsible for any increase in operating expenses over the base year amount.
Fullerton property
Property in Fullerton, USA. Apartments, flats, houses, offices and other property in Fullerton.
Fully amortized
Fully amortized mortgages are paid in equal monthly installments, which include interest and amortization of principal, paid over a period of years. The interest is set at a predetermined rate and is charged only on the loan balance.
Fully amortized adjustable-rate mortgage
A home loan whose interest rate can change, and whose amount is fully paid at the end of the term.
Fully diluted shares
The number of shares of common stock that would be outstanding if all convertible securities were converted to common shares
Fully-serviced lease
Lease in which rent includes coverages of operating expenses and taxes for the building.
PREVIOUS AND NEXT TERMS--------------------------------------
Fructus industriales
Corn, wheat and other crops that are produced annually by labor and industry, and not spontaneously. They are referred to in Latin as "fructus industriales."
FSBO (for sale by owner)
A home that is being sold by the owner of the property without the representation of a broker.
FSLIC
Federal Savings and Loan Insurance Corp, a federal institution that insures deposits of federally chartered savings and loan associations.
Full disclosure
Revealing all known facts which may affect the decision of a buyer or tenant.
Full market value
In reference to property taxes, usually refers to the tax rate applied to 100 percent of the property's value.
Full recourse
Full status
A full-status mortgage is available to those who have been successfully credit checked.
Full-service rent
An all-inclusive rental rate that includes operating expenses and real estate taxes for the first year. The tenant is generally still responsible for any increase in operating expenses over the base year amount.
Fully amortized
Fully amortized mortgages are paid in equal monthly installments, which include interest and amortization of principal, paid over a period of years. The interest is set at a predetermined rate and is charged only on the loan balance.
Fully amortized adjustable-rate mortgage
A home loan whose interest rate can change, and whose amount is fully paid at the end of the term.
Fully diluted shares
The number of shares of common stock that would be outstanding if all convertible securities were converted to common shares
This dictionary contains 6433 terms. |
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