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Note rate
Note rate The interest rate stated on a mortgage note.
RELATED TERMS--------------------------------------
Interest
Money paid to a lender as compensation for money that is borrowed.
Rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
Mortgage
A legal document pledging property as security for the payment of a loan.
Note
A written instrument acknowledging a debt and promising payment
SIMILAR TERMS--------------------------------------
Note
A written instrument acknowledging a debt and promising payment
Note (original note)
A document signed by the borrower of a loan and stating the loan amount, the interest rate, the time and method of repayment and the obligation to repay.
PREVIOUS AND NEXT TERMS--------------------------------------
Non-resident alien
A person who is not a permanent resident or a citizen of the United States, and who is generally taxed on income from U.S. sources.
Non-status mortgage
For lenders without the borrower offering any proof of income and without a previous mortgage history.
Notary Public
A public officer who is authorized to witness and verify certain documents (e.g., contracts, deeds, mortgages).
Note
A written instrument acknowledging a debt and promising payment
Note (original note)
A document signed by the borrower of a loan and stating the loan amount, the interest rate, the time and method of repayment and the obligation to repay.
Note rate
Notice of cessation
A notice that gives subcontractors 30 days and gives prime contractors 60 days to file liens from the date of cessation of work.
Notice of completion
A document recorded to give constructive notice that a building job has been completed.
Notice of default
A formal written notice to a borrower that a default has occurred and that legal action may be taken.
Notice of deliquency
In junior financing, where the borrower gives the senior lender permission to notify the junior lender in the event of a default.
Notice of nonresponsibility
A legal notice designed to relieve a property owner of responsibility for the cost of improvements ordered by another person (such as a tenant).
This dictionary contains 6433 terms. |
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