Definition of "Bank"
Financial institution that services savings and checking accounts, provides loans, and deals with negotiable instruments. Stringent federal and local regulations exist over banking activities. The three major types of banks are commercial, savings, and savings and loan associations. Various kinds of real estate loans are available from banks at attractive interest rates. However, the borrower should shop around since rates vary among banks.
Popular Real Estate Terms
Transaction savings realized by setting a fixed and certain price. ...
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Bankruptcy declared by any insolvent person or business. In contrast to involuntary bankruptcy, which is applied for by the creditors. ...
Unfulfilled action where something remains to be done in order to complete it. ...
Fees that all tenants or owners must pay for the cost of maintaining common areas. ...
List of dwelling units, such as homes. ...
national trade association of people engaged in the mortgage banking business, dedicated to the betterment of the mortgage banking industry through education, legislation, and high ethical ...
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