Tag: payment

What is a 'Dealer' A dealer is a person or firm in the business of buying and selling securities for their own...

Home Ownership by Country Vendor Take-Back Mortgage What is a 'Vendor Take-Back Mortgage' A vendor take-back mortgage is a type of mortgage...

DefinitionLayaway is an agreement in which the seller reserves an item for a consumer until the consumer completes all the payments necessary to pay...

When it comes to buying a home, there are many different options available to you. One of those options is the land lease option....

What is 'Lease Payments' A line item under long-term debt on a balance sheet that indicates the value of future lease payments...

What is a 'Lapping Scheme' A lapping scheme is an accounting method that involves altering the accounts receivable section of the balance...

What is a land contract and how does it works? A land contract is a contract between the buyer and seller of a piece of...

DefinitionIn international finance, leads and lags refer to the expediting or delaying, respectively, of settlement of payments or receipts in a foreign exchange transaction...

DefinitionA lease option is a type of contract used in both residential and commercial real estate. In a lease-option, a property owner and tenant...

DefinitionAn earnest payment is a specific form of security deposit made in some major transactions such as real estate dealings or required by some...