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Magic page
Magic page Included in the offering prospectus, the magic page is a projected growth story, describing how a new REIT will accomplish its future expectations for funds from operations or funds available for distribution.
RELATED TERMS--------------------------------------
Will
A written document, properly witnessed, providing for the transfer of title to property owned by the deceased, called the testator.
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Mortgage 15-year fixed mortgage refinance
A 15-year fixed mortgage has an interest rate that stays the same for the 15-year life of the loan.
Mortgage 15-year jumbo mortgage
A 15-year jumbo mortgage is a home loan that exceeds the limits set by Fannie Mae and Freddie Mac (the 2005 limit is $359,650; $539,475 in Alaska, Hawaii and the U.S. Virgin Islands).
Mortgage insurance 203(b)
FHA program which provides mortgage insurance to protect lenders from default.
Mortgage 203(k)
This FHA mortgage insurance program enables homebuyers to finance both the purchase of a house and the cost of its rehabilitation through a single mortgage loan.
M1, m2, m3
Three measurements of the United States money supply. M1, or the basic money supply, consists of cash in public hands, private checking accounts, credit union share accounts and demand deposits at thrifts. M2 includes all of M1 plus money market mutual fund shares, and savings deposits of less than $100,000 at all depository institutions. M3 includes M2 plus large time deposits at all depository institutions.
Magic page
Maids
Usually, the maids take turns working in the laundry. Good managers keep very close tabs on the maids.
Main water shut-off valve
The primary valve that halts the flow of water from the water meter into a home.
Maintenance and emergency repairs (in a lease)
Defines major and minor repairs and states who pays for what.
Maintenance charges
Monthly or annual charges assessed in a condominium, planned united development, or cooperative development to cover operational costs.
Maintenance fee
Maintenance fees are established and collected by the Homeowners Association or Resort Management Company to maintain the property, pay insurance, utilities, refurbishing and taxes.
This dictionary contains 6433 terms. |
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