Home > Industry/Domain > Real estate
Real estate
Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.
6Categories 16551Terms
Add a new termContributors in Real estate
Real estate > Mortgage 
discount points
Banking; Mortgage
Discount points are charges paid to the lender voluntarily, usually at closing by the borrower or seller, to reduce the interest rate. One point is equal to 1 percent of the ...
discounted loan
Banking; Mortgage
When the interest rate on a loan is less than the market rate, it is a discounted loan. However, the lender requires additional discount points to raise the yield or return on the ...
down payment
Banking; Mortgage
Money paid to make up the difference between the purchase price and the mortgage amount.
earnest money
Banking; Mortgage
Funds delivered to the seller or an escrow agency by the purchaser with the purchase agreement as evidence of good faith.
encroachment
Banking; Mortgage
An improvement that illegally violates another's property or right to use that property.
encumbrance
Banking; Mortgage
Anything that affects or limits the fee simple title to property, such as mortgages, liens, leases, easements, or restrictions.
escrow account
Banking; Mortgage
The person or organization having a responsibility to both the buyer and seller (or lender and borrower) to see that the terms of the purchase/sale (or loan) are carried out. Also ...
Sub-categories
- Commercial (226)
- Contracts (13098)
- Corporate (746)
- Home improvement (1576)
- Mortgage (522)
- Residential (169)