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Levy
Levy To assess, seize or collect. To levy a tax is to assess a property and set the rate of taxation.
RELATED TERMS--------------------------------------
Levy
To assess, seize or collect. To levy a tax is to assess a property and set the rate of taxation.
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.
Rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
Taxation
1) The process by which a government or municipal quasi-public body raises monies to fund its operation. 2) The impact an investment has on the investor's liability for the payment of federal, state, and local taxes.
SIMILAR TERMS--------------------------------------
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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
Using someone else's money to purchase a property. Refers to the ability to use the investment as collateral for a loan.
Levy
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
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.
This dictionary contains 6433 terms. |
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