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Parol evidence rule
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.
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Parole evidence
The legal rule which prevents previous oral or written negotiations to a signed contract from changing the contract.
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Paper
A mortgage, deed of trust or land contract which is given instead of cash.
Par
The face value of a bond or security.
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
Parole evidence
The legal rule which prevents previous oral or written negotiations to a signed contract from changing the contract.
Partial claim
A loss mitigation option offered by the FHA that allows a borrower, with help from a lender, to get an interest-free loan from HUD to bring their mortgage payments up to date.
Partial payment
A payment that is not sufficient to cover the scheduled monthly payment on a mortgage loan.
Partial release
A release of a portion of property covered by a mortgage.
Partial release clause
A mortgage provision under which the mortgagee agrees to release certain parcels from the lien of the blanket mortgage upon payment of a certain sum of money by the mortgagor.
This dictionary contains 6433 terms. |
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