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MIRAS
MIRAS Mortgage Interest Relief At Source, a form of tax relief on the first £30,000 of a mortgage, is to be abolished on the 1st April 2000.
RELATED TERMS--------------------------------------
Mortgage
A legal document pledging property as security for the payment of a loan.
Interest
Money paid to a lender as compensation for money that is borrowed.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Mill
One-tenth of one cent. Some states use a mill rate to compute real estate taxes.
Mineral rights
Rights to subsurface land and profits. Nornally, when real property is conveyed, it includes everything above and below the surface of the land, except where specified by the grantor.
Minimum payment option mortgage
A mortgage where the borrower can choose to pay an ultra-low monthly payment.
Minor
A person under a legal age, usually under 18 years old.
Mint condition
A term describing a building or item that's just like new.
MIRAS
Misdemeanor
Offenses less serious than felonies and generally punishable by a fine or imprisonment less than one year.
Misrepresentation
False statement made to or concealment of knowledge from another party with the intent to provoke action from that party.
Mistake
An error or misunderstanding. A contract is voidable if there is a mistake that is mutual, material, unintentional and free from negligence, such as both parties honestly contracting for a different lot in a subdivision (mistake of fact).
Mitigation
Measures taken to reduce adverse impacts on the environment. To make less severe, as in the "mitigation" of enviromental hazards.
Mixed-income housing
A neighborhood whose residents earn widely varying wages and salaries.
This dictionary contains 6433 terms. |
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