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Unsecured
Unsecured Describes a debt instrument, such as a debenture, that is backed only by the debtor's promise to pay.
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Debt
An amount owed to another.
Instrument
A written legal document created to secure the rights of the parties participating in the agreement.
Debenture
A type of long-term bond or note given as evidence of debt. Unlike a mortgage note, a debenture is not secured by a specific property.
SIMILAR TERMS--------------------------------------
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.
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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
Typically the most subordinated classes of CMBS.
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
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.
Upgrades
Options that allow buyers of newly built houses to select higher-quality floor coverings, cabinets, windows and other amenities for more money.
Upon the death of the individual
Title passed back to the sovereign, not to the decedent's heirs.
UPREIT (Umbrella Partnership Real Estate Investment Trust)
Organizational structure where a REIT's assets are owned by a holding company for tax purposes.
This dictionary contains 6433 terms. |
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