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Business services

The business service industry provides the core business skills and knowledge required for a high performing workplace.It covers an array of expertise, including customer contact, business administration, business management, business information and human resource management.

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Business services > Relocation

mortgage interest differential allowance

Business services; Relocation

Payment of some or all of the difference between the interest rate on the employee’s mortgage in the origin location and the rate on their mortgage in the new location. Payments ...

mortgage interest

Business services; Relocation

The cost of borrowing mortgage money. Mortgage interest rates vary with the terms and type of loan required.

mortgage insurance premium

Business services; Relocation

Paid monthly by the borrower to HUD to set up a reserve account for protection of the lender against loss in the government insured loans or to a private mortgage insurer for ...

mortgagor

Business services; Relocation

The borrower in a mortgage agreement.

mortgagee

Business services; Relocation

The creditor or lender in a mortgage agreement.

mortgage insurance

Business services; Relocation

A contract that insures the lender against loss caused by a mortgagor’s default on a government or conventional mortgage. Mortgage insurance can be issued by a private company or ...

mortgage commitment

Business services; Relocation

A formal document provided by a lender agreeing to make a mortgage loan on a specific property, stipulating the amount, length of time, and conditions of loan.