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Reserve fund
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.
RELATED TERMS--------------------------------------
Lender
A term which can refer to the institution making the loan or to the individual representing the firm.
Will
A written document, properly witnessed, providing for the transfer of title to property owned by the deceased, called the testator.
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.
Capital
Accumulated wealth.
Insurance
Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
SIMILAR TERMS--------------------------------------
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 funds
An expense category in the operating budget.
Reserve requirements
A flat percentage of deposits, required by the Federal Reserve, to be set aside by member banks as a precaution.
PREVIOUS AND NEXT TERMS--------------------------------------
Rescind
To annul, cancel.
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
Reserve funds
An expense category in the operating budget.
Reserve requirements
A flat percentage of deposits, required by the Federal Reserve, to be set aside by member banks as a precaution.
Resident alien
A person who is a legal permanent resident, but not a citizen, of the United States.
Residential purchase agreement
A model purchase agreement form, initially developed in 1985 by the California Association of Realtors in cooperation with the State Bar Association, that ensures a real estate purchase agreement will be complete and in compliance with state law.
Residential Sales Council
A not-for-profit affiliate of the NATIONAL ASSOCIATION OF REALTORS. The Council awards the Certified Residential Specialist (CRS) Designation, to experienced members who have completed an advanced course of study in residential real estate.
This dictionary contains 6433 terms. |
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