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LIBOR (London InterBank Offered Rate)
LIBOR (London InterBank Offered Rate) The interest rate offered on Eurodollar deposits traded between banks, also called swaps
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Interest Money paid to a lender as compensation for money that is borrowed.
Rate Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
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Leverage Using someone else's money to purchase a property. Refers to the ability to use the investment as collateral for a loan.
Levy To assess, seize or collect. To levy a tax is to assess a property and set the rate of taxation.
Liabilities A person's financial obligations. Liabilities include long-term and short-term debt, as well as any other amounts that are owed to others.
Liability coverage Insurance coverage for injuries or losses sustained by the public when on an individual's property.
Liability insurance Insurance coverage that offers protection against claims alleging that a property owner's negligence or inappropriate action resulted in bodily injury or property damage to another party.
LIBOR (London InterBank Offered Rate)
License 1) A privilege or right granted to a person by a state to operate as a real estate broker or salesperson. 2) The revocable permission for a temporary use of land.
Lien A charge or claim by one party on the property of another as security for the payment of a debt.
Lien theory Some states interpret a mortgage as being purely a lien on real property. The mortgagee thus has no right of possession but must foreclose the lien and sell the property if the mortgagor defaults.
Lien waiver Documents signed by subcontractors and suppliers, indicating they have received payment in full.
Life Cycle costing In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.
This dictionary contains 6433 terms. |
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