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Unrated classes
Unrated classes Typically the most subordinated classes of CMBS.
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CMBS
Commercial Mortgage-Backed Securities
SIMILAR TERMS--------------------------------------
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Unity of possession
One of the four "unities" required to create a joint tenancy. All joint tenants hold an undivided right to possession.
Unity of time
All joint tenants acquiring their interests at the same time.
Unity of title
All joint tenants acquiring their interests by the same document.
Universal agent
A person empowered to do anything the principal could do personally.
Unlawful detainer action
A legal action that provides a method of evicting a tenant who is in default under the terms of the lease; a summary proceeding to recover possession of property.
Unrated classes
Unrecorded deed
An unrecorded deed transfers ownership from one party to another without being officially recorded.
Unruh civil rights act
Forbids discrimination as to sex, race, color, religion, ancestry or national origin in accommodations and business establishments. Under this law there can be no arbitrary eviction, rent increase or withholding of services by virtually any landlord.
Unsecured
Describes a debt instrument, such as a debenture, that is backed only by the debtor's promise to pay.
Unsecured claim
A claim or debt for which a creditor holds no special assurance of payment, unlike a mortgage or lien; a debt for which credit was extended based solely upon the creditor's assessment of the debtor's future ability to pay.
Unsecured loan
An advance of money that is not secured by collateral.
This dictionary contains 6433 terms. |
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