|
| | |
Remainder
Remainder The right of future possession and use that goes to someone other than the grantor upon termination of a life estate.
RELATED TERMS--------------------------------------
Possession
The condition of having signed all the papers at closing and having received keys to the house.
Grantor
That party in the deed that is the seller or giver.
Life
Cycle costing In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
SIMILAR TERMS--------------------------------------
Remainder estate
A future interest in real estate created at the time and by the same instrument of the original estate, but limited its immediate authority upon the termination of the prior estate.
Remainder interest
The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate, such as when an owner conveys a life estate to one party and the remainder to another.
Remaining balance
The amount of principal that has not yet been repaid.
Remaining term
The original amortization term minus the number of payments that have been applied.
PREVIOUS AND NEXT TERMS--------------------------------------
Release of liability
The release of an old borrower from further responsibility for repayment of an assumed loan.
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
Remainder estate
A future interest in real estate created at the time and by the same instrument of the original estate, but limited its immediate authority upon the termination of the prior estate.
Remainder interest
The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate, such as when an owner conveys a life estate to one party and the remainder to another.
Remaining balance
The amount of principal that has not yet been repaid.
Remaining term
The original amortization term minus the number of payments that have been applied.
REMIC (Real estate mortgage investment conduit)
A product of the Tax Reform Act of 1986, REMICs are designed to hold a pool of mortgages for the exclusive purpose of issuing multiple classes of mortgage-backed securities in a way that avoids a corporate double tax.
This dictionary contains 6433 terms. |
|
|
