Tag: agreement

Home Ownership by Country Mandatory Mortgage Lock What is 'Mandatory Mortgage Lock' The sale of a mortgage in the secondary mortgage market...

DefinitionA lease is a contractual arrangement calling for the to pay the lessor for use of an asset. Property, buildings and vehicles are common...

What is 'Real Estate Limited Partnership - RELP' A limited partnership entity organized to invest in real estate. A Real Estate Limited...

What is 'Reaffirmation' An agreement made between a debtor and a creditor to repay some or all of a debt. Reaffirmations are...

What is 'Sale and Repurchase Agreement - SRA' An open market operation, implemented by the central Bank of Canada, that is designed...

What is a 'Sales And Purchase Agreement - SPA' A sales and purchase agreement (SPA) is a legal contract that obligates a...

What is a salary reduction contribution A salary reduction contribution is an arrangement between an employer and an employee whereby the employee agrees to have...

What is 'Backstop Purchaser' An entity that agrees to purchase all the remaining, unsubscribed securities from a rights offering. The backstop purchaser...

What is 'Cancellation Provision Clause' It is a provision in an insurance policy that permits an insurer or an insurance company to...

What is 'Back-to-Back Commitment' A commitment to make a second take-out loan that piggybacks another loan. With a back-to-back commitment, once the...