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Level term assurance
Level term assurance Pays out a lump sum if the borrower dies before the mortgage has been paid off. This is a set amount that does not decrease over time - regardless of how much of the mortgage has been paid off.
RELATED TERMS--------------------------------------
Borrower A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.
Mortgage A legal document pledging property as security for the payment of a loan.
SIMILAR TERMS--------------------------------------
Level of Control on a Listing Agreement The form used when specifying the level of control of the listing in its title and language.
Leverage Using someone else's money to purchase a property. Refers to the ability to use the investment as collateral for a loan.
Leverkusen property Property in Leverkusen, Germany. Apartments, flats, houses, offices and other property in Leverkusen.
PREVIOUS AND NEXT TERMS--------------------------------------
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.
Level term assurance
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.
This dictionary contains 6433 terms. |
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