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Reformation
Reformation An action by a court to revise a contract to read as it was intended by the parties to read rather than as stated.
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Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.
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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.
Reformation
Regional bank
A bank with a primary market in a regional or metropolitan area but takes deposits from throughout the state in which it is located.
Regional diversification
Definitions for what constitute various regions, for diversification purposes, vary among managers, consultants and plan sponsors.
Registration
Notifying the owner that you have shown the property to a prospect in order to establish your claim to a commission.
Registration statement
Forms filed with the Securities and Exchange Commission (or the appropriate state regulatory agency) in connection with a proposed offering of new securities or the listing of outstanding securities on a national exchange
Regression
An appraisal principle that states that between dissimilar properties the value of the better-quality property is affected adversely by the presence of the lesser-quality property.
This dictionary contains 6433 terms. |
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