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Recital
Recital Setting forth in a deed or other writing some explanation for the transaction.
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Deed
A signed, written instrument that conveys title to real property.
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Recife property
Property in Recife, Brazil. Apartments, flats, houses, offices and other property in Recife.
Recission
An option in the discharge of a contract. If both parites agree, they may rescind a contract in a process called recission.
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Recasting
The process of rewriting existing loans, especially when there is a default. The term and interest rate may be adjusted to take pressure off the borrower.
Receiver
An independent party appointed by a court to impartially receive, preserve and manage property that is involved in litigation, pending final disposition of the matter before the court.
Recession
A prolonged period (popularly defined as two successive quarters) in which economic activity shrinks.
Recession of contract
Annulling a contract and placing the parties to it in a position as if there had not been a contract.
Recission
An option in the discharge of a contract. If both parites agree, they may rescind a contract in a process called recission.
Recital
Recognition clause
A clause found in some blanket mortgages used to purchase a tract of land for subdivision development providing for protection of the rights of the ultimate buyers of individual lots in case of default by the developer.
Recognized capital gains
The recognized capital gain from the sale of an asset subject to income taxes.
Reconciliation
1) The final step in an appraisal process, in which the appraiser reconciles the estimates of value received from the direct sales comparison, cost, and income approaches to arrive at a final estimate of market value for the subject property. 2) The balancing of entries in a double-entry accounting system.
Reconstructed cash flow analysis
An estimated cash flow analysis for a rental property, prepared by an agent using accurate property information.
Reconveyance
The transfer of title to the borrower after a mortgage has been paid fully.
This dictionary contains 6433 terms. |
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