|
| | |
Total principal balance
Total principal balance The total amount of debt, including the original mortgage amount adjusted for subsequent fundings, principal payments and other unpaid items (e.g., interest) that are allowed to be added to the principal balance by the mortgage note or by law.
RELATED TERMS--------------------------------------
Debt
An amount owed to another.
Mortgage
A legal document pledging property as security for the payment of a loan.
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.
Note
A written instrument acknowledging a debt and promising payment
SIMILAR TERMS--------------------------------------
Total acres
All land area contained within a real estate investment.
Total assets
The sum of all gross investments, cash and equivalents, receivables, and other assets presented on the balance sheet.
Total commitment
The full mortgage loan amount that is obligated to be funded if all stated conditions are met.
Total expense ratio
The percentage of monthly debt payments compared to total before-tax income.
Total inventory
The total square footage of a type of property within a geographical area, whether vacant or occupied.
Total retail area
Total floor area of a retail center less common areas.
Total return
The sum of quarterly income and appreciation returns.
PREVIOUS AND NEXT TERMS--------------------------------------
Total acres
All land area contained within a real estate investment.
Total assets
The sum of all gross investments, cash and equivalents, receivables, and other assets presented on the balance sheet.
Total commitment
The full mortgage loan amount that is obligated to be funded if all stated conditions are met.
Total expense ratio
The percentage of monthly debt payments compared to total before-tax income.
Total inventory
The total square footage of a type of property within a geographical area, whether vacant or occupied.
Total principal balance
Total retail area
Total floor area of a retail center less common areas.
Total return
The sum of quarterly income and appreciation returns.
Town house
A type of dwelling having two floors, with the living area and kitchen on the first floor, and the bedrooms on the second. Town houses share a common wall between units.
Township
A division of territory, used in the government (rectangular survey system of land description, which is six miles square, and contains 36 sections, each of which is one mile square and consists of 23,040 acres.
Township line
Lines running east and west, parallel to the base line and six miles apart.
This dictionary contains 6433 terms. |
|
|
