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Leverage
Leverage Using someone else's money to purchase a property. Refers to the ability to use the investment as collateral for a loan.
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Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Investment
Money directed toward the purchase, improvement and development of an asset in expectation of income or profits.
Collateral
In a home loan, the property is the collateral. The borrower risks losing the property if the loan is not repaid according to the terms of the mortgage or deed of trust.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
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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
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.
Leverkusen property
Property in Leverkusen, Germany. Apartments, flats, houses, offices and other property in Leverkusen.
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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
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.
Leverage
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)
The interest rate offered on Eurodollar deposits traded between banks, also called swaps
This dictionary contains 6433 terms. |
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