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Satisfaction of mortgage
Satisfaction of mortgage Document issued by mortgagee when the mortgage is paid off.
RELATED TERMS--------------------------------------
Mortgagee
The lender in a mortgage agreement.
Mortgage
A legal document pledging property as security for the payment of a loan.
SIMILAR TERMS--------------------------------------
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Salesperson
A person employed directly or indirectly by a licensed real estate broker to perform various tasks and responsibilities.
Saltbox style
A design that dates to colonial times and takes its name from the shape of saltboxes.
Sandwich lease
When a tenant has a current lease with the owner of a property and then "sublets" the property to a third party.
Sanitary sewer
The drain line in a house that carries away food and human wastewater to a municipal sewer system or a septic system.
Sash
One of two windows in a double-hung window.
Satisfaction of mortgage
Savings and Loan Association (S and L)
A financial institution whose principal function is to promote thrift and home ownership. Depositors earn interest on their deposits, often at a higher rate than is offered at commercial banks.
Savings bank
A type of depository financial institution, found mostly in the northeastern United States, that accepts consumer deposits and invests these funds primarily in residential mortgages and high-grade securities.
Schematic designs
Structural plans for a building’s mechanical systems, such as its plumbing and electrical functions.
Season
Designated season of the year denoting period of ownership for exchange or usage value.
Second deposit
The additional deposit made at the signing of the purchase and sale agreement.
This dictionary contains 6433 terms. |
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