Release of liability

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Release of liability

Release of liability

The release of an old borrower from further responsibility for repayment of an assumed loan.

RELATED TERMS
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Release
An instrument releasing property from the lien of the mortgage, judgment, etc.

Borrower
A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.

Loan
A sum of borrowed money (principal) that is generally repaid with interest.

SIMILAR TERMS
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Release
An instrument releasing property from the lien of the mortgage, judgment, etc.

Release clause
A provision found in many blanket mortgages enabling the mortgagor, upon payment of a specific sum of money, to obtain a partial release of particular portions or parcels of the collateral.

Release deed
A document that transfers all rights given a trustee under a deed of trust loan back to the grantor after the loan has been fully repaid.

PREVIOUS AND NEXT TERMS
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REIT (Real Estate Investment Trusts)
A business trust or corporation that combines the capital of many investors to acquire or provide financing for real estate.

Rejection
Proposing any deviation from the terms of the offer constitutes a rejection of the original offer and becomes a new offer.

Release
An instrument releasing property from the lien of the mortgage, judgment, etc.

Release clause
A provision found in many blanket mortgages enabling the mortgagor, upon payment of a specific sum of money, to obtain a partial release of particular portions or parcels of the collateral.

Release deed
A document that transfers all rights given a trustee under a deed of trust loan back to the grantor after the loan has been fully repaid.

Release of liability

Reliction
An increase of the land by the permanent withdrawal of the ocean or a river.

Relinquished property
The property given up in the exchange.

Relocation benefits
Money and other consideration that an employer gives to employees who move or are transferred at the company’s behest.

Relocation company
A business that specializes in providing help to employees who move for their employer.

Remainder
The right of future possession and use that goes to someone other than the grantor upon termination of a life estate.

This dictionary contains 6433 terms.

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