Financing Statement
Definition of "Financing statement"
Same as term financial statement : Report containing financial information about a business or individual. The required financial statements for a real estate company are balance sheet, income statement, and statement of cash flows. An individual may prepare a financial statement, such as to obtain a real estate loan from the bank.
Popular Real Estate Terms
The term proxy comes from the power of attorney by which the holder of stockholders in a real estate company transfers voting rights to another stockholder. A proxy fight may arise in which ...
A 12-month period used by a real estate company or partnership to account for and report business operations. Typically, the fiscal year ends December 31. ...
Unit of measure for the change in interest rates for loans. One basis point equates to 1 percent of 1 percent, that is, 0.01 percent. Therefore, one hundred basis points equals 1 percent. ...
Real estate bought and leased to tenants to obtain rental income. ...
In conducting a real estate transaction, each party is presumed honest and fair with no deceit. The intentions are honorable and realistic. If deception occurs without prior knowledge, the ...
An order withdrawing a property lien after a claim is paid by other means. ...
Legal responsibility for something. For example, an owner of commercial property (e.g., restaurant) is legally obligated for damages on that property (e.g., restaurant patron falls and ...
Contract that intends to convey property form one individual to another but is defective in one respect. ...
Process by which a lessee leases the property to another lessee. ...
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