(1) Type of loan where the final payment is substantially greater than the previous payments; also termed partially amortized loan. A debt agreement might stipulate a balloon payment when future refinancing is expected. (2) Last lease payment for a lease asset. It includes the residual value of the asset, which is often greater than previous rental payments made during the lease period.
Popular Real Estate Terms
Designing a home with a Spanish cultural flavor. ...
If you’re looking for the real estate agent definition, you’re in the right place. So, in the following paragraphs, we will try to examine the complex job of a real estate ...
Wall having an air space between the two sides. A hollow wall is often covered with wallboard that is nailed to the wall studs providing an air space between the two sides. ...
Total expenditure to modernize a building to meet the owner's or tenant's needs. ...
Person who dies leaving a will specifying the distribution of the estate. ...
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Legal action by an owner of property to oust or exclude an individual or business form using the property. ...
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Loss of property value due to external forces of events. ...
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