|
| | |
Material fact
Material fact Any fact that is relevant to a person making a decision. Agents must also disclose to buyers material facts about the condition of the property.
RELATED TERMS--------------------------------------
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.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Master deed
The principal conveyance document used by the owners of land on which condominiums are located.
Master lease
A primary lease that controls subsequent leases and may cover more property than subsequent leases
Master plan
A comprehensive plan to guide the long-term physical development of a particular area.
Master servicer
An institution that acts on behalf of a trustee for the benefit of security holders in collecting funds from a borrower, advancing funds in the event of delinquencies and, in the event of default, taking a property through foreclosure
Master-planned community
A large development that features neighborhoods, parks and other recreation areas, schools and shopping centers.
Material fact
Maturity
The date on which the principal balance of a loan, bond, or other financial instrument becomes due and payable.
Maturity date
The date when the total principal balance comes due
Maximum financing
A mortgage made on a property in which the lender’s lowest permissible down payment has been made.
Mean
The average of all items included within a group, calculated by dividing the sum of the individual items, or variates, by the number of variates.
Mechanical systems
A house’s heating, cooling, plumbing and electrical apparatus.
This dictionary contains 6433 terms. |
|
|
