Nominal Loan Rate
the loan rate stated on the face of the loan note. The nominal loan rate is not the same as the effective interest rate. For example, if points are charged to secure a loan, the effective interest rate will be higher than the nominal loan rate.
Popular Real Estate Terms
Rainwater pipe attached to a roof gutter channeling the run off down and away form the building. ...
The term actual notice is used most often in connection with property law, but the concept can also be applied in other law areas. To define actual notice, we can look at the two major ...
The definition of alienation in real estate stands for the legal action that is done voluntarily by an owner to dispose of their property. It also encompasses a property’s right to be ...
The accrued interest definition can be explained through the interest collected by a set date on financial obligations that were not paid out. As interest can be of two types, so does ...
Risk resulting from possible increases or decreases in price levels that can substantially impact real estate values. ...
Vertical window built through a sloping roof having its own gable and forming its own roofline. ...
Availability of land in an urban area. ...
the type and value of real estate improvements made as well as the use to which land is put. This is controlled by zoning as well as suitability. For example, in a prime commercial downtown ...
In regards to , in the matter of. Formal judicial method of entitling a matter before it. ...
Have a question or comment?
We're here to help.