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.

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Real estate > Mortgage

co-borrowers

Banking; Mortgage

One or more persons who have signed the note, and are equally responsible for repaying the loan. Unmarried co-borrowers who live together are advised to agree beforehand on what ...

conservatorship

Banking; Mortgage

A legal status where a conservator is appointed to oversee a firm in trouble in order to protect and conserve the firm's assets.

contagion

Banking; Mortgage

Positive contagion is the tendency during a bubble period for new players to be attracted by the profits being earned by existing players. Negative contagion is the tendency ...

contract knavery

Banking; Mortgage

Inserting provisions into a loan contract that severely disadvantage the borrower, without the borrower’s knowledge, and sometimes despite oral assurances to the contrary.

credit score

Banking; Mortgage

A single numerical score, based on an individual's credit history, that measures that individual's credit worthiness. Credit scores are as good as the algorithm used to derive ...

cumulative interest

Banking; Mortgage

The sum of all interest payments to date or over the life of the loan. This is an incomplete measure of the cost of credit to the borrower because it does not include up-front ...