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Lender's Instructions
Lender's Instructions A document that lenders prepare for the closing agent that outlines the requirements for loan closing.
RELATED TERMS--------------------------------------
Closing
A period of time, usually less than seven days, after a registration statement is effective and the offering commences, giving the underwriters time to receive payment for the securities
Agent
Person authorized to act on behalf of another in dealings with third parties.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
SIMILAR TERMS--------------------------------------
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PREVIOUS AND NEXT TERMS--------------------------------------
Legally competent parties
People who are recognized by law as being able to contract with others; those of legal age and sound mind.
Legatee
A person who receives money or personal property under a will.
Lender
A term which can refer to the institution making the loan or to the individual representing the firm.
Lender’s fee
Lender's fees cover fees such as arrangement fees, booking charges, administration fees etc.
Lender's escrow instructions
A lender's written instructions to the escrow company stating the conditions which must be met before the deed of trust can be recorded.
Lender's Instructions
Lessee
An individual (i.e., tenant) to whom property is rented under a lease.
Lessor
An owner who contracts into a lease with a tenant (lessee).
Letter of Credit
A commitment by a bank or other person that the issuer will honor drafts or other demands for payment upon full compliance with the conditions specified in the letter of credit.
Letter of Intent
An informal, usually non-binding, agreement among parties indicating their serious desire to move forward with negotiations.
Level of Control on a Listing Agreement
The form used when specifying the level of control of the listing in its title and language.
This dictionary contains 6433 terms. |
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