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Installment Sale
Installment Sale A tax term used to describe a sale which is usually accomplished by use of a land contract.
RELATED TERMS--------------------------------------
Term
The length of time in which a loan is to be paid off.
Land
The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.
Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.
SIMILAR TERMS--------------------------------------
Installment contract
A contract for the sale of real estate whereby the purchase price is paid in periodic installments by the purchaser, who is in possession of the property even though title is retained by the seller until a future date, which may not be until final payment.
Installment note
A promissory note with payments of principal and interest made at designated intervals.
Institute of Real Estate Management (IREM)
A national organization concerned with professional management of real estate. The professional designation conferred by IREM is ARM, Accredited Resident Manager.
Institutional lenders
Savings and loan associations, banks, life insurance companies and mutual savings banks.
Institutional-grade property
Various types of real estate properties generally owned or financed by tax-exempt institutional investors. Core investments typically include office, retail, industrial and apartments.
Instrument
A written legal document created to secure the rights of the parties participating in the agreement.
PREVIOUS AND NEXT TERMS--------------------------------------
Injunction
A legal action whereby a court issues a writ that forbids a party defendant from doing some act or compels the defendant to perform an act. An injunction requires the person to whom it is directed to refrain from doing a particular thing, such as violating deed restrictions or house rules.
Inspection
An examination of a property by the buyer, agent, title insurance company, or other interested party.
Inspection report
The documentation of a thorough examination of a house's visible structural parts and systems, conducted before purchase.
Installment contract
A contract for the sale of real estate whereby the purchase price is paid in periodic installments by the purchaser, who is in possession of the property even though title is retained by the seller until a future date, which may not be until final payment.
Installment note
A promissory note with payments of principal and interest made at designated intervals.
Installment Sale
Institute of Real Estate Management (IREM)
A national organization concerned with professional management of real estate. The professional designation conferred by IREM is ARM, Accredited Resident Manager.
Institutional lenders
Savings and loan associations, banks, life insurance companies and mutual savings banks.
Institutional-grade property
Various types of real estate properties generally owned or financed by tax-exempt institutional investors. Core investments typically include office, retail, industrial and apartments.
Instrument
A written legal document created to secure the rights of the parties participating in the agreement.
Insulation
Materials including cellulose, glass fiber, rock wool, polystyrene, urethane foam and vermiculite that slow heat loss.
This dictionary contains 6433 terms. |
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