Real Estate Terms

  1. 100% Mortgage

  2. 125% Loan

  3. 2-1 Buydown

  4. 2/28 Adjustable-Rate Mortgage - 2/28 ARM

  5. 3-2-1 Buydown

  6. 3/27 Adjustable-Rate Mortgage - 3/27 ARM

  7. 48-Hour Rule

  8. 5-1 Hybrid Adjustable-Rate Mortgage - 5-1 Hybrid ARM

  9. 5-6 Hybrid Adjustable-Rate Mortgage - 5-6 Hybrid ARM

  10. 80-10-10 Mortgage

  11. Ability To Repay

  12. Absentee Landlord

  13. Absentee Owner

  14. Absolute Auction

  15. Absolute Title

  16. Absorption Rate

  17. Abstract Of Title

  18. ABX index

  19. Accelerated Amortization

  20. Acceleration Clause

  21. Acquisition Fee

  22. Acquittance

  23. Active Tranche

  24. Ad Valorem Tax

  25. Add-On Factor

  26. Adjustable-Rate Mortgage - ARM

  27. Adjustment Date

  28. Adjustment Frequency

  29. Adjustment Index

  30. Adjustment Interval

  31. Adverse Possession

  32. Affidavit Of Title

  33. After-Acquired Collateral

  34. Agency MBS Purchase

  35. Alienation Clause

  36. All-Cash Deal

  37. All-In-One Mortgage

  38. Alligator Property

  39. Alt-A

  40. Alternative Mortgage Instrument

  41. Alternative Mortgage Transaction Parity Act - AMTPA

  42. Amortization Schedule

  43. Amortized Loan

  44. Amount Financed

  45. Annual Cap

  46. Annual Mortgage Statement

  47. Appraisal Costs

  48. Appraisal Management Company - AMC

  49. ARM Index

  50. ARM Margin

  51. Assignor

  52. Assumable Mortgage

  53. Assumption Clause

  54. Attornment

  55. Automated Underwriting

  56. Automated Valuation Model - AVM

  57. Backlog

  58. Bad Title

  59. Bait And Switch

  60. Balloon Loan

  61. Balloon Mortgage

  62. Balloon Payment

  63. Bank-Owned Property

  64. BBA Mortgage Approvals

  65. Beginning Market Value (BMV)

  66. Below Market Interest Rate - BMIR

  67. Beneficial Interest

  68. Best And Final Offer

  69. Best Efforts Mortgage Lock

  70. Betterment Insurance

  71. Bi-Monthly Mortgage

  72. Bi-weekly Mortgage

  73. Bidding War

  74. Big Ticket Item

  75. Bird Dog

  76. Biweekly Mortgage

  77. Blanket Mortgage

  78. Broker

  79. Broker Price Opinion - BPO

  80. Broker's Open House

  81. Building And Loan Associaiton

  82. Bullet Loan

  83. Bungalow

  84. Buy-Up

  85. Buydown

  86. Buyer's Market

  87. Canada Mortgage and Housing Corporation - CMHC

  88. Canadian Mortgage and Housing Corporation - CMHC

  89. Canadian Rollover Mortgage

  90. Cap

  91. Capital Gain

  92. Capital Loss

  93. Capitalization Rate

  94. Capitalized Cost Reduction

  95. Capped Rate

  96. Captive Real Estate Investment Trust

  97. Cash Available For Distribution - CAD

  98. Cash Equity

  99. Cash-On-Cash Return

  100. Cash-Out Refinance

Hot Definitions
  1. Quanto Swap

    A swap with varying combinations of interest rate, currency and equity swap features, where payments are based on the movement of two different countries' interest rates. This is also referred to as a differential or "diff" swap.
  2. Genuine Progress Indicator - GPI

    A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others).
  3. Accelerated Share Repurchase - ASR

    A specific method by which corporations can repurchase outstanding shares of their stock. The accelerated share repurchase (ASR) is usually accomplished by the corporation purchasing shares of its stock from an investment bank. The investment bank borrows the shares from clients or share lenders and sells them to the company.
  4. Microeconomic Pricing Model

    A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an "invisible hand" that guides competing participants to an equilibrium price. The demand curve in this model is determined by consumers attempting to maximize their utility, given their budget.
  5. Centralized Market

    A financial market structure that consists of having all orders routed to one central exchange with no other competing market. The quoted prices of the various securities listed on the exchange represent the only price that is available to investors seeking to buy or sell the specific asset.
  6. Balanced Investment Strategy

    A portfolio allocation and management method aimed at balancing risk and return. Such portfolios are generally divided equally between equities and fixed-income securities.
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