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Ostensible agency
Ostensible agency A form of implied agency relationship created by the actions of the parties involved rather than by written agreement or document.
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Agency
1) The relationship that exists when a person, known as the principal, contracts to another, the agent, to perform an act in that person's stead. 2) Common term for a firm offering representation.
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Original basis
The sum of the purchase price of a property plus buying expenses on acquisition.
Original principal balance
The total amount of principal owed on a mortgage before any payments are made.
Origination
The process of preparing, submitting, and evaluating a loan application; generally includes a credit check, verification of employment, and a property appraisal.
Origination fee
The charge for originating a loan; is usually calculated in the form of points and paid at closing.
Originator
A company that sources and underwrites commercial and-or multifamily mortgage loans
Ostensible agency
Other income
Refers to income other than rent, such as vending and laundry machines, storage or parking space income, and so on.
OTS
Short for Office of Thrift Supervision. A bureau of the U.S. Treasury Department established in August 1989. OTS has the authority to charter federal Thrift Institutions and serves as the primary regulator of approximately 2,000 federal and state chartered thrifts.
Out parcel
Individual retail sites in a shopping center
Overallotment
A practice through which underwriters offer and sell more shares than they have agreed to buy from the issuer
Overhang
A protruding structural feature.
This dictionary contains 6433 terms. |
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