Real Estate Terms

  1. Open House

  2. Open Listing

  3. Open-End Mortgage

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

  5. Option Adjustable-Rate Mortgage - Option ARM

  6. Origination

  7. Origination Fee

  8. Origination Points

  9. Other Real Estate Owned - OREO

  10. Overextension

  11. Owner Financing

  12. Owner-Occupant

  13. Owners' Equivalent Rent - OER

  14. Partial Release

  15. Participation Mortgage

  16. Party Wall

  17. Passive Loss

  18. Past Due

  19. Paydown Factor

  20. Payment Option ARM

  21. Payment Option ARM Minimum Payment

  22. Payment Shock

  23. Payoff Statement

  24. Pending Home Sales Index - PHSI

  25. Per Diem Interest

  26. Percentage Lease

  27. Perfect Title

  28. Perfected Lien

  29. Periodic Interest Rate

  30. Periodic Interest Rate Cap

  31. Personal Property

  32. Personal Use Property

  33. Piggyback Mortgage

  34. Pipeline Theory

  35. Pledged Asset

  36. Pocket Listing

  37. Points

  38. Portfolio Lender

  39. Possessory Lien

  40. Power center

  41. Power Of Sale

  42. Pre-Approval

  43. Pre-Foreclosure

  44. Preferred Debt

  45. Prepaid Finance Charge

  46. Prepaid Interest

  47. Prepayment

  48. Prepayment Model

  49. Prepayment Penalty

  50. Prepayment Privilege

  51. Prepayment Risk

  52. Price Level Adjusted Mortgage - PLAM

  53. Price-to-Rent Ratio

  54. Primary Mortgage Market

  55. Prime Conforming

  56. Principal Reduction

  57. Principal, Interest, Taxes, Insurance - PITI

  58. Prior Lien

  59. Private Buyer

  60. Private Mortgage Insurance - PMI

  61. Propco

  62. Property

  63. Property Derivative

  64. Property Lien

  65. Property Management

  66. Property Manager

  67. Purchase Mortgage Market

  68. Purchase-Money Mortgage

  69. Qualification Ratio

  70. Qualified Exchange Accommodation Arrangements

  71. Qualified Mortgage

  72. Qualified Mortgage Insurance Premium

  73. Quiet Title

  74. Quitclaim Deed

  75. Rate And Term Refinance

  76. Rate Of Return

  77. Rate-Improvement Mortgage

  78. Readvanceable Mortgage

  79. Real Asset

  80. Real Estate

  81. Real Estate Agent

  82. Real Estate Investment Group

  83. Real Estate Investment Trust - REIT

  84. Real Estate Limited Partnership - RELP

  85. Real Estate Mortgage Investment Conduit - REMIC

  86. Real Estate Mortgage Investment Conduits - REMIC

  87. Real Estate Operating Company - REOC

  88. Real Estate Owned - REO

  89. Real Estate Settlement Procedures Act - RESPA

  90. Real Estate Short Sale

  91. Real Property

  92. Realtor

  93. Realtor Property Resource (RPR)

  94. Recapture Clause

  95. Recast Trigger

  96. Recording Fee

  97. Recourse Loan

  98. Recovery Property

  99. Recurring Debt

  100. Reduction Certificate

Hot Definitions
  1. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific benchmark, such as a SPDR. Unlike actively managed ETFs, passive ETFs are not managed by a fund manager on a daily basis.
  2. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another market so that it balances out. So when examining a specific market, if all other markets are in equilibrium, Walras' Law asserts that the examined market is also in equilibrium.
  3. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will respond similarly to a marketing action. Market segmentation enables companies to target different categories of consumers who perceive the full value of certain products and services differently from one another.
  4. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following:
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option is purchased and the lower premium option is sold - both at the same time. The higher the debit spread, the greater the initial cash outflow the investor will incur on the transaction.
  6. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious debt when government leaders use borrowed funds in ways that don't benefit or even oppress citizens. Some legal scholars argue that successor governments should not be held accountable for odious debt incurred by earlier regimes, but there is no consensus on how odious debt should actually be treated.
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