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Septic Tank
Septic Tank
An Underground tank in which sewage from the house is reduced to liquid by bacterial action and drained off.
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Septic system
A private sewerage system consisting of a tank, distribution box and leaching field.
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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
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.
Septic system
A private sewerage system consisting of a tank, distribution box and leaching field.
Septic Tank
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.
Servient tenement
Land on which an easement exists in favor of an adjacent property (called a dominant tenement or estate); also called a servient estate.
Set back ordinance
Regulates the distance from the lot line to the point where improvements may be constructed.
This dictionary contains 6433 terms. |
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