Tag: purchase

DefinitionA mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by...

What is a 'Management Buy-In - MBI' A management buy-in (MBI) is a corporate action in which an outside manager or management...

What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential homeowners and enable them to become...

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 a 'Real Estate Short Sale' A real estate short sale is any sale of real estate that generates proceeds that...

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 does 'Sandbag' mean Sandbag is a tactic used to hide or limit expectations of a company's or individual's strength in order...

What is a 'Salvage Value' Salvage value is the estimated value that the owner is paid when the item is sold at the end of...

What is 'Sandwich Lease' A lease in which a party rents property from the property owner and then subsequently leases it out...