Relocation

Relocation

Referring to any service that assists a family to move house or a business to move from one establishment to another.

Industry: Business services

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Relocation

deed of trust

Business services; Relocation

A deed held in trust by a third party. In such a situation, the borrower transfers the title to a trustee who retains the title until a loan debt is repaid. A form of mortgage in some states.

deed

Business services; Relocation

A written instrument by which title to real property is transferred from one owner to another. The deed should contain an accurate description of the property being conveyed, should be signed and ...

deductible expenses

Business services; Relocation

Deductible expenses are those that are included in the employee’s taxable income for which he/she is entitled to claim a federal or state tax deduction.

credit report

Business services; Relocation

A report of an individual’s credit history prepared by a credit bureau and used by a lender in determining a loan applicant’s creditworthiness.

Compensation provided to employees moved by a company to a location where the cost of living is higher than at the employee’s former location. Typically, companies pay the differential as a salary ...

home finding trip

Business services; Relocation

A home or apartment search in the new area, based on employee’s specific requirements and preferences, taken after the employee has made a decision to relocate.

home equity loan

Business services; Relocation

A mortgage loan, which is usually in a subordinate position, which allows the borrower to obtain multiple advances of the loan proceeds at his or her own discretion, up to an amount that represents a ...