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Redlining
Redlining The practice of refusing to provide loans or insurance in a certain neighborhood.
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Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
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Red flag
A visual sign or indication of a defect. Something that warns a reasonably observant person of a potential problem, thus requiring further investigation.
Red herring
The preliminary prospectus for an initial public offering.
Redemption
The process of paying off the mortgage at the end of the mortgage term.
Redemption charges - penalty
Charges made by the lender when the borrower pays off the loan.
Redemption period
A period of time established by state law during which a property owner has a right to redeem real estate after a foreclosure or tax sale by paying the sales price, interest and costs.
Redlining
Reduction certificate (payoff statement)
The document signed by a lender indicating the amount required to pay a loan balance in full and satisfy the debt.
Refinance
Obtaining a new loan to pay off an existing loan. Refinancing is a popular practice when interest rates drop.
Refinance transaction
The process of paying off one loan with the proceeds from a new loan using the same property as security.
Refinancing
The process of the same mortgagor paying off one loan with the proceeds from another loan.
Reflective coatings
A black tinted window coating. Reflective coatings greatly reduce the transmission of daylight through clear glass.
This dictionary contains 6433 terms. |
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