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Refinance and Mortgage Encyclopedia - sales contract
Sales ContractA contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder by which buyerA market participant who takes a long futures position or buys an option. An option buyer is also called and sellerA person who makes a transfer of title to real estate. agree to termsThe specific conditions of a loan, including the requirements governing receipt and repayment of a loan. of a sale. Sales ContractA contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder by which buyerA market participant who takes a long futures position or buys an option. An option buyer is also called and sellerA person who makes a transfer of title to real estate. agree to the termsThe specific conditions of a loan, including the requirements governing receipt and repayment of a loan. of the sale. |
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