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Remainder estate
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.
RELATED TERMS--------------------------------------
Interest
Money paid to a lender as compensation for money that is borrowed.
Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
Instrument
A written legal document created to secure the rights of the parties participating in the agreement.
SIMILAR TERMS--------------------------------------
Remainder
The right of future possession and use that goes to someone other than the grantor upon termination of a life 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--------------------------------------
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.
Remainder 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.
Remortgaging
Taking out a new mortgage and using it to pay off the old mortgage, using the same property as collateral.
This dictionary contains 6433 terms. |
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