|
| | |
Holdbacks
Holdbacks A portion of a loan commitment that is not funded until an additional requirement is met, such as completion of construction
RELATED TERMS--------------------------------------
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
Commitment
A written promise to make or insure a loan for a specified amount and on specified items.
Completion
This is the date when the buyer's solicitor forwards the funds for the purchase of the house to the seller's solicitor.
SIMILAR TERMS--------------------------------------
Hold period
The length of time for which you keep a mortgage before repaying it or remortgaging.
Hold-harmless clause
A contract provision whereby one party agrees to indemnify and protect the other party from any injuries or lawsuits arising out of the particular transaction.
Holder in due course
The holder of a negotiable instrument (check or note) purchased for value when the instrument appears complete and regular on its face.
Holding period
The length of time an investor expects to own a property from purchase to sale
Holdover tenancy
A tenancy whereby a lessee retains possession of leased property after the lease has expired and the landlord, by continuing to accept rent, agrees to the tenant's continued occupancy as defined by state law.
Holdover Tenant
A tenant who remains in possession of leased property after the lease term expiration.
PREVIOUS AND NEXT TERMS--------------------------------------
Highrise developments
Sometimes called mixed-use developments (MUDs), these combine office space, stores, theaters and apartment units in a single vertical community.
Hip roof
A pitched roof with sloping sides.
Historic preservation
A movement to protect buildings with historic value from destruction or extensive renovation.
Historic structure
A building listed in the National Register of Historic Places and certified as historic by the U.S. Secretary of the Interior.
Hold period
The length of time for which you keep a mortgage before repaying it or remortgaging.
Holdbacks
Holder in due course
The holder of a negotiable instrument (check or note) purchased for value when the instrument appears complete and regular on its face.
Hold-harmless clause
A contract provision whereby one party agrees to indemnify and protect the other party from any injuries or lawsuits arising out of the particular transaction.
Holding period
The length of time an investor expects to own a property from purchase to sale
Holdover tenancy
A tenancy whereby a lessee retains possession of leased property after the lease has expired and the landlord, by continuing to accept rent, agrees to the tenant's continued occupancy as defined by state law.
Holdover Tenant
A tenant who remains in possession of leased property after the lease term expiration.
This dictionary contains 6433 terms. |
|
|
