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Obedience
Obedience The fiduciary relationship obligates the agent to act in good faith at all times, obeying the principal's instructions in accordance with the contract. However, that obedience is not absolute.
RELATED TERMS--------------------------------------
Fiduciary
A person who represents another on financial-property matters.
Agent
Person authorized to act on behalf of another in dealings with third parties.
Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.
Obedience
The fiduciary relationship obligates the agent to act in good faith at all times, obeying the principal's instructions in accordance with the contract. However, that obedience is not absolute.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Oyama property
Property in Oyama, Japan. Apartments, flats, houses, offices and other property in Oyama.
Oyo property
Property in Oyo, Nigeria. Apartments, flats, houses, offices and other property in Oyo.
One hundred and eighty-two day T-bill auction average discount rate
The U.S. government issues short-term debt at a discount at a competitive auction, usually on a weekly basis. At a discount means the note is sold at a discount from face value and then redeemed at maturity at the full face value.
One year ARM
A 1-year ARM is an adjustable-rate mortgage (ARM) that has an initial interest rate for one year, and thereafter has an adjustment interval of one year.
One year ARM refinance
A 1-year ARM is an adjustable-rate mortgage (ARM) that has an initial interest rate for one year, and thereafter has an adjustment interval of one year.
Obedience
Obligatory advance
Any advance which, under the terms of the credit line deed of trust or other agreement, the secured party has legally obligated itself to make in the absence of a default, breach, or other such event.
Obligee
The person who will receive the outcome of an obligation.
Obligor
An individual who has engaged to perform an obligation to another person (i.e., obligee).
Obsolescence
Impairment of desirability and usefulness brought about by changes in the art, design or process or from external influencing circumstances that make a property less desirable and valuable for a continuity or use.
OCC
Percent occupancy of the motel, i.e.: number of rooms rented vs. the number of rooms available, calculated on a yearly percent basis.
This dictionary contains 6433 terms. |
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