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Separate property
Separate property Under community property law, property owned solely by either spouse before the marriage, acquired by gift or inheritance after the marriage or purchased with separate funds after the marriage.
RELATED TERMS--------------------------------------
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Gift
In the context of mortgage banking, a gift is a bestowal of money that does not have to be repaid, and which is used for a down payment or closing costs.
SIMILAR TERMS--------------------------------------
Separate account
A relationship where an investment manager or adviser is retained by a single pension plan sponsor to source real estate product under a stated investment policy exclusively for that sponsor.
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Selling agent
The agent who obtains a buyer. A selling agent may represent the buyer, or may be a subagent of the seller.
Semi-custom home
A house in which the buyer cannot alter the layout, but can specify amenities such as type of cabinets and floor coverings.
Senior classes
With regard to securities, describes the classes with the highest priority to receive the payments from the underlying mortgage loans.
Senior loan
A real estate loan in the first priority position.
Separate account
A relationship where an investment manager or adviser is retained by a single pension plan sponsor to source real estate product under a stated investment policy exclusively for that sponsor.
Separate property
Septic system
A private sewerage system consisting of a tank, distribution box and leaching field.
Septic Tank
An Underground tank in which sewage from the house is reduced to liquid by bacterial action and drained off.
Servicer
An organization that acts on behalf of a trustee for the benefit of security holders.
Servicing
The collection of mortgage payments from borrowers and related responsibilities of a loan servicer.
Servicing agreement
Signed documentation as to who will service the loan.
This dictionary contains 6433 terms. |
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