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NIMBY (Not In My Backyard)
NIMBY (Not In My Backyard) A term, usually used derisively by people who don't live in the affected vicinity, to describe residents' opposition to the introduction of something they don't want in their neighborhood, such as a group home, toxic waste incinerator or prison.
RELATED TERMS--------------------------------------
Term The length of time in which a loan is to be paid off.
Waste An improper use or an abuse of a property by a possessor who holds less than fee ownership, such as a tenant, life tenant, mortgagor or vendee.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
New build home A recently built home with no previous owners.
New urbanism A community design philosophy that favors the return of new-home development with such traditional features as prominent front porches, backyard garages, multi-use buildings and housing clustered near commercial service areas.
NFCC The National Foundation for Consumer Credit is a nonprofit organization that educates consumers about using credit wisely.
Niche A small recessed area in a wall, traditionally arched at the top.
Niche banks Smaller banks that cater to particular communities or certain industries.
NIMBY (Not In My Backyard)
No capacity to contract The inability of a person to enter into a valid contract under any circumstances.
No cash-out refinance A refinance transaction which is not intended to put cash in the hand of the borrower.
No documentation loan A mortgage in which the applicant provides a minimum of information (name, address, Social Security number and contact information for an employer).
No loan, no commission A listing agreement requiring that escrow be closed and title transferred before an agent is entitled to a commission.
No-competition lots A lot in which the buyer's home will be constructed by a particular builder.
This dictionary contains 6433 terms. |
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