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Reversionary interest
Reversionary interest The remnant of an estate that the grantor holds after granting a life estate to another person.
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Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.
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.
SIMILAR TERMS--------------------------------------
Revenue stamps
Formerly, federal tax on a sale of real property. Canceled and replaced by state tax stamps.
Reverse annuity mortgage (RAM)
A loan under which the homeowner receives monthly payments based on his or her accumulated equity rather than a lump sum.
Reverse mortgage
A special program for the elderly that provides income until death.
Reversion
The right of future possession and use by the grantor of a life estate.
Reversion capitalization rate
The capitalization rate used to determine reversion value.
Reversion value
A lump-sum benefit that an investor receives or expects to receive at the termination of an investment.
Reversionary right
The return of the rights of possession and quiet enjoyment to the lessor at the expiration of a lease.
PREVIOUS AND NEXT TERMS--------------------------------------
Reverse annuity mortgage (RAM)
A loan under which the homeowner receives monthly payments based on his or her accumulated equity rather than a lump sum.
Reverse mortgage
A special program for the elderly that provides income until death.
Reversion
The right of future possession and use by the grantor of a life estate.
Reversion capitalization rate
The capitalization rate used to determine reversion value.
Reversion value
A lump-sum benefit that an investor receives or expects to receive at the termination of an investment.
Reversionary interest
Reversionary right
The return of the rights of possession and quiet enjoyment to the lessor at the expiration of a lease.
Revocation
An act of rescinding power previously authorized.
Revolving credit
A line of credit that does not have a specified repayment schedule but may require a minimum payment to cover interest and contribute to paying off principal.
Revolving debt
A credit arrangement, such as a credit card, that allows a customer to borrow against a preapproved line of credit when purchasing goods and services.
Revolving line of credit
An agreement to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been repaid.
This dictionary contains 6433 terms. |
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