|
| | |
Impact fees
Impact fees Money that local government collects from housing developers to pay for services that residents will need, such as schools, parks, road improvements and sewerage.
RELATED TERMS--------------------------------------
Will
A written document, properly witnessed, providing for the transfer of title to property owned by the deceased, called the testator.
SIMILAR TERMS--------------------------------------
Impaired credit
A person with a less-than-perfect credit rating.
PREVIOUS AND NEXT TERMS--------------------------------------
Investment 401(k)
An employer-sponsored investment plan that allows individuals to set aside tax-deferred income for retirement or emergency purposes. 401(k) plans are provided by employers that are private corporations.
Interest-only ARM 5-1
A 5-1 interest-only ARM is an adjustable rate mortgage in which none of the payments go toward retiring principal for the first five years.
Interest-only jumbo refinance ARM 5-1
A 5-1 jumbo interest-only refinance ARM is a jumbo refi with fixed, interest-only payments for the first five years of the loan. After the five years are up, the loan converts to a loan whose payments cover both interest and principal, and which adjusts annually to current interest rates.
Identification period
The period during which the exchanger must identify replacement property in a 1031 tax deferred exchange. The identification period starts on the day the exchanger transfers the first relinquished property and ends at midnight on the 45th day thereafter.
Illusory contract
An apparent contract that is not a contract because the parties have not agreed to be bound.
Impact fees
Impaired credit
A person with a less-than-perfect credit rating.
Implied agency
An agency agreement created by the actions of the parties, and not a stated (written or verbal) agreement.
Implied agreement-contract
A contract under which the agreement of the parties is demonstrated by their acts and conduct.
Implied authority
The authority of an agent to perform acts which are reasonably necessary to accomplish the purpose of the agency.
Implied cap rate
Net operating income divided by the sum of a REIT's equity market capitalization and its total outstanding debt
This dictionary contains 6433 terms. |
|
|
