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S and L
S and L Savings and Loan Association, a state or federally-chartered depository financial institution that was primarily a provider of home mortgages but since deregulation in the 1980’s to offer services similar to a commercial bank.
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Loan
A sum of borrowed money (principal) that is generally repaid with interest.
Offer
A proposal to purchase property at a specified price and terms.
Bank
An institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers.
SIMILAR TERMS--------------------------------------
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Szczecin property
Property in Szczecin, Poland. Apartments, flats, houses, offices and other property in Szczecin.
Szeged property
Property in Szeged, Hungary. Apartments, flats, houses, offices and other property in Szeged.
Szekesfehervar property
Property in Szekesfehervar, Hungary. Apartments, flats, houses, offices and other property in Szekesfehervar.
Six month LIBOR rate
LIBOR stands for London Interbank Offered Rate. It's the rate of interest at which banks offer to lend money to one another in the wholesale money markets in London.
Seventy-two hour clause
Wording that is inserted in a purchase contract when the purchase of a home is contingent on the sale of the buyer's current home. The seller accepts the offer but reserves the right to accept a better offer if one comes along.
S and L
Safe Drinking Water Act
Enacted by Congress in 1974, this federal law administered by the EPA and equivalent state regulators to establish and enforce drinking water standards.
Safety clause
It provides that a broker is still entitled to a commission for a set period of time after the listing has expired if the property is sold to a prospect, who was introduced to the property by the broker, during the period of the listing.
Sale contract
A written agreement between buyer and seller that details price and other terms and conditions of sale.
Sale-leaseback
A technique in which a seller deeds property to a buyer for a consideration, and the buyer simultaneously leases the property back to the seller.
Sales comparison approach
The process of estimating the value of a property by examining and comparing actual sales of comparable properties.
This dictionary contains 6433 terms. |
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