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Ratification
Ratification Method of creating an agency relationship in which the principal accepts the conduct of someone who acted without prior authorization as the principal's agent.
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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.
Principal
1) The outstanding balance of a loan. 2) A party to a real estate transaction. 3) The head of a real estate firm.
Agent
Person authorized to act on behalf of another in dealings with third parties.
SIMILAR TERMS--------------------------------------
Ratified
Ratifiedmeans approved and given formal sanction to; confirmed.
Rating
Grade, assigned by a rating agency, designating the credit quality or creditworthiness of the underlying assets.
Rating agencies
Independent firms engaged to rate the creditworthiness of securities for the benefit of investors.
PREVIOUS AND NEXT TERMS--------------------------------------
Rate factor
The number of dollars required to pay off each $1,000 of a mortgage loan.
Rate index
A table of yields or interest rates being paid on debt (such as Treasury notes or bank deposits) that is used to determine interest-rate changes for adjustable-rate mortgages and other variable-rate loans.
Rate lock
A commitment issued by a lender to a borrower or other mortgage originator guaranteeing a specified interest rate for a specified period of time at a specific cost.
Rate sheet
Printed card that gives the price charged for each room, crib, extra person and pets.
Rate-improvement mortgage
A home loan that allows the borrower a one-time interest rate cut without paying refinancing charges.
Ratification
Rating
Grade, assigned by a rating agency, designating the credit quality or creditworthiness of the underlying assets.
Rating agencies
Independent firms engaged to rate the creditworthiness of securities for the benefit of investors.
Raw land
Unimproved land that remains in its natural state.
Raw space
Unimproved shell space in a building.
Ready, willing and able buyer
One who is prepared to buy property on the seller's terms and is ready to take positive steps to consummate the transaction.
This dictionary contains 6433 terms. |
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