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Rescind
Rescind
To annul, cancel.
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Rescission
The legal remedy of canceling, terminating or annulling a contract and restoring the parties to their original positions; a return to the status quo.
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Repossession
Usually occurs after a borrower seriously defaults on payments. The lender then legally evicts the borrower and usually auctions the property to recover losses.
Representation agreement
A mutual contractual agreement between the agency and the client committing services and fiduciary duties to the client.
Reproduction cost
The construction cost at current prices of an exact duplicate of the subject property.
Request for proposal (RFP)
A formal request, issued by a plan sponsor or its consultant, inviting investment managers to submit information on their firms' investment strategy, historical investment performance, current investment opportunities, investment management fees, other pension fund client relationships, etc.
Resale value
The sales price that would be negotiated by a willing seller and buyer for an existing home or property.
Rescind
Rescission
The legal remedy of canceling, terminating or annulling a contract and restoring the parties to their original positions; a return to the status quo.
Reservation system
With a good reservation system and a desired location, one should receive 30 to 55% of the occupancy via the reservation system.
Reserve
The 'reserve price' is the lowest price at which the owner is willing to sell their property when it is being auctioned.
Reserve account
An account that a borrower has to fund to protect the lender.
Reserve fund
Monies a lender will often require a borrower to set aside as a cushion of capital for future payment of items such as taxes, insurance, furniture replacement and deferred maintenance.
This dictionary contains 6433 terms. |
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