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Refinance and Mortgage Encyclopedia - term
TermThe extent of time for which an estateThe ownership interest of an individual in real property. The sum total of all the real property and is granted. For example, the period which is granted for the lesseeThe tenant in a lease agreement. to occupy the premises; it does not include the time between making the leaseAn agreement to pay money in exchange for use of property. and the tenantThe party who has legal possession and use of real property belonging to another.'s entry. TermThe length of time in which a loanTransfers for which the recipient incurs a legal debt and repayment is required over time, with or without is to be repaid. A 30-year mortgage loanThe legal agreement where a borrower is obligated to repay a lender for money borrowed to purchase a home. has a 30 year term. TermThe period from the time that a loanTransfers for which the recipient incurs a legal debt and repayment is required over time, with or without is made until it is fully paidThis is the amount of tax posted as paid for the year in question, either in installment payments or. TermThe period from when a loadA sales commission charged by many mutual funds. Some are front-end loads (fee paid when the shares is made until it is fully paidThis is the amount of tax posted as paid for the year in question, either in installment payments or. TermThe period of time that an insurance policyThis is the entire written insurance contract. is issued. TermThe time during which principalThis term is used to mean the employer of an agent; or the amount of money borrowed, or the amount of and/or interest paymentsThe return expressed in percentage earned on an investment each year. These payments are issued every must be made. Generally the time needed to amortizeTo repay a debt through a series of periodic payments. the loanTransfers for which the recipient incurs a legal debt and repayment is required over time, with or without fully. TermThe time limitThe period of time during which a notice of claim or proof of loss must be filed. within which a loanTransfers for which the recipient incurs a legal debt and repayment is required over time, with or without must be repaid. TermThe time period by the end of which a debtThat which is due from one person or another; obligation, liability. must be fully repaid. Also refers to the maturityThe time when a note, bond or other investment option comes due for payment to investors. period on a fixedGuarantees a specific payment amount in the future. incomeMoney you make from a job or from business or property. investmentThe utilization of money in the expectation of future returns in the form of income or capital gain. such as a bondWritten evidence of an obligation given by a corporation or government entity. A surety instrument. or Treasury billShort-term, highly liquid government securities issued at a discount from the face value and returning.
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