Real Estate Terms

  1. Open-End Mortgage

  2. Operating Company/Property Company Deal - Opco/Propco Deal

  3. Option Adjustable-Rate Mortgage - Option ARM

  4. Origination

  5. Origination Fee

  6. Origination Points

  7. Other Real Estate Owned - OREO

  8. Overextension

  9. Owner Financing

  10. Owner-Occupant

  11. Owners' Equivalent Rent - OER

  12. Partial Release

  13. Participation Mortgage

  14. Party Wall

  15. Passive Loss

  16. Past Due

  17. Paydown Factor

  18. Payment Option ARM

  19. Payment Option ARM Minimum Payment

  20. Payment Shock

  21. Payoff Statement

  22. Pending Home Sales Index - PHSI

  23. Per Diem Interest

  24. Percentage Lease

  25. Perfect Title

  26. Perfected Lien

  27. Periodic Interest Rate

  28. Periodic Interest Rate Cap

  29. Personal Property

  30. Personal Use Property

  31. Piggyback Mortgage

  32. Pipeline Theory

  33. Pledged Asset

  34. Pocket Listing

  35. Points

  36. Portfolio Lender

  37. Possessory Lien

  38. Power center

  39. Power Of Sale

  40. Pre-Approval

  41. Pre-Foreclosure

  42. Preferred Debt

  43. Prepaid Finance Charge

  44. Prepaid Interest

  45. Prepayment

  46. Prepayment Model

  47. Prepayment Penalty

  48. Prepayment Privilege

  49. Prepayment Risk

  50. Price Level Adjusted Mortgage - PLAM

  51. Price-to-Rent Ratio

  52. Primary Mortgage Market

  53. Prime Conforming

  54. Principal Reduction

  55. Principal, Interest, Taxes, Insurance - PITI

  56. Prior Lien

  57. Private Buyer

  58. Private Mortgage Insurance - PMI

  59. Propco

  60. Property

  61. Property Derivative

  62. Property Lien

  63. Property Management

  64. Property Manager

  65. Purchase Mortgage Market

  66. Purchase-Money Mortgage

  67. Qualification Ratio

  68. Qualified Exchange Accommodation Arrangements

  69. Qualified Mortgage

  70. Qualified Mortgage Insurance Premium

  71. Quiet Title

  72. Quitclaim Deed

  73. Rate And Term Refinance

  74. Rate Of Return

  75. Rate-Improvement Mortgage

  76. Readvanceable Mortgage

  77. Real Asset

  78. Real Estate

  79. Real Estate Agent

  80. Real Estate Investment Group

  81. Real Estate Investment Trust - REIT

  82. Real Estate Limited Partnership - RELP

  83. Real Estate Mortgage Investment Conduit - REMIC

  84. Real Estate Mortgage Investment Conduits - REMIC

  85. Real Estate Operating Company - REOC

  86. Real Estate Owned - REO

  87. Real Estate Settlement Procedures Act - RESPA

  88. Real Estate Short Sale

  89. Real Property

  90. Realtor

  91. Recapture Clause

  92. Recast Trigger

  93. Recording Fee

  94. Recourse Loan

  95. Recovery Property

  96. Recurring Debt

  97. Reduction Certificate

  98. Refi Bubble

  99. Refinance Wave

  100. Refinancing Risk

Hot Definitions
  1. 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.
  2. 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.
  3. 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.
  4. Family Limited Partnership - FLP

    A type of partnership designed to centralize family business or investment accounts. FLPs pool together a family's assets into one single family-owned business partnership that family members own shares of. FLPs are frequently used as an estate tax minimization strategy, as shares in the FLP can be transferred between generations, at lower taxation rates than would be applied to the partnership's holdings.
  5. Yield Burning

    The illegal practice of underwriters marking up the prices on bonds for the purpose of reducing the yield on the bond. This practice, referred to as "burning the yield," is done after the bond is placed in escrow for an investor who is awaiting repayment.
  6. Marginal Analysis

    An examination of the additional benefits of an activity compared to the additional costs of that activity. Companies use marginal analysis as a decision-making tool to help them maximize their profits. Individuals unconsciously use marginal analysis to make a host of everyday decisions. Marginal analysis is also widely used in microeconomics when analyzing how a complex system is affected by marginal manipulation of its comprising variables.
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