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Lien
Lien A charge or claim by one party on the property of another as security for the payment of a debt.
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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.
Security
The property that will be pledged as collateral for a loan.
Debt
An amount owed to another.
SIMILAR TERMS--------------------------------------
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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.
Lien
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.
Life cap
For an adjustable-rate mortgage (ARM), a limit on the amount that the enterest rate can increase or decrease over the life of the mortgage.
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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