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. Benchmark Bond

    A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".
  2. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  3. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  4. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  5. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
  6. Organic Growth

    The growth rate that a company can achieve by increasing output and enhancing sales. This excludes any profits or growth acquired from takeovers, acquisitions or mergers. Takeovers, acquisitions and mergers do not bring about profits generated within the company, and are therefore not considered organic.
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