NIMBY (Not In My Backyard)

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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
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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
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PREVIOUS AND NEXT TERMS
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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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