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Simple interest loan
Simple interest loan A method of allocating the monthly payment between interest and principal. The interest charged is determined by the unpaid principal balance on the loan, the interest rate, and the number of days since the last payment. The rest of the payment goes to the principal.
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Interest
Money paid to a lender as compensation for money that is borrowed.
Principal
1) The outstanding balance of a loan. 2) A party to a real estate transaction. 3) The head of a real estate firm.
Balance
The appraisal principle that states that the greatest value in a property will occur when the type and size of the improvements are proportional to each other as well as the land.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
Rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.
SIMILAR TERMS--------------------------------------
Simple interest
Interest computed on the principal balance, and disregards previously accumulated (upaid) interest.
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Sick building syndrome
The term "sick building syndrome" (SBS) is used to describe situations in which building occupants experience discomforting health conditions that appear to be linked to time spent in a building, but no specific illness or cause can be identified.
Signatory
1) Having signed or joined in signing a document. 2) A signer, or one of the signers, of a document.
Sill cock
An exterior threaded faucet connection for garden hoses that provides water outside a home.
Sill plate
A horizontal piece of wood placed on top of the foundation.
Simple interest
Interest computed on the principal balance, and disregards previously accumulated (upaid) interest.
Simple interest loan
Single agency
The practice of representing either the buyer or the seller but never both in the same transaction.
Single family detached home
A residential home that is not attached physically to another home.
Singlefamily, owner occupied dwellings
A dwelling which will be owned and occupied by a signatory to the mortgage or deed of trust secured by such dwelling within 90 days of the execution of the mortgage or deed of trust.
Site analysis
Determines the suitability of a specific parcel of land for a specific use.
Site development
The installation of all necessary improvements made to a site before a building or project can be constructed on the site.
This dictionary contains 6433 terms. |
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