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Par
Par The face value of a bond or security.
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Value
The measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability.
Bond
1) A debt instrument; an obligation to pay; a security issued by a corporation. 2) A written promise that accopmpanies a mortgage and is evidence of the debt secured by the mortgage. 3) An interest-bearing certificate issued by a government to finance public projects.
Security
The property that will be pledged as collateral for a loan.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Package loan
A real estate loan used to finance the purchase of both real property and personal property, such as in the purchase of a new home that includes carpeting, window coverings and major appliances.
Package mortgage
Mortgage covering both real and personal property.
Panel
A section or division of a wall, ceiling or a flat piece of building material that forms the part of the surface of a wall, door or cabinet.
Paneling
Strips of wood or wood material applied as a finish to a wall.
Paper
A mortgage, deed of trust or land contract which is given instead of cash.
Par
Parcel
An officially described piece of land.
Parking ratio
Dividing the total rentable square footage of a building by the building's total number of parking spaces provides the amount of rentable square feet per each individual parking space.
Parking strip
The strip of grass between the sidewalk and the street in front of a house.
Parol evidence rule
A rule of evidence providing that a written agreement is the final expression of the agreement of the parties, not to be modified by oral or written negotiations.
Parole evidence
The legal rule which prevents previous oral or written negotiations to a signed contract from changing the contract.
This dictionary contains 6433 terms. |
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