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63 Results for Tag: sale

Immediate Credit

Immediate Credit What is 'Immediate Credit' The Federal Reserve practice of "clearing" checks deposited by member banks on the same day they're deposited. This service is only available wh

Implied Warranty

DefinitionIn common law jurisdictions, an implied warranty is a contract law term for certain assurances that are presumed to be made in the sale of products or real property, due to the cir

National Market System (NMS)

National Market System (NMS) What is a 'National Market System - NMS' A national market system (NMS) is a system with two main functions: 1. To facilitate trading of OTC stocks whose siz

Offline Debit Card

Offline Debit Card What is 'Offline Debit Card' A card that combines characteristics of both a traditional (online) debit card and a credit card, allowing the cardholder to pay for goods a

Manufactured Housing (MH)

Manufactured Housing (MH) What is 'Manufactured Housing - MH' A housing unit constructed primarily off-site prior to being moved to a piece of property where it is set. The cost of constru

Mortgage Loan

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

Management Buy-In (MBI)

Management Buy-In (MBI) What is a 'Management Buy-In - MBI' A management buy-in (MBI) is a corporate action in which an outside manager or management team purchases an ownership stake in t

Absentee Owner

Absentee Owner What is 'Absentee Owner' An individual who owns a piece of real estate but does not live in it. An absentee owner may also be an entity such as a corporation or real estate

Absolute Auction

Absolute Auction What is 'Absolute Auction' A type of auction where the sale is awarded to the highest bidder. Absolute auctions do not have a reserve price which sets a minimum required b

Real Estate Owned (REO)

Real Estate Owned (REO) What is 'Real Estate Owned - REO' Real estate owned, or REO, is the name given to foreclosed-upon real estate, such as detached houses, condominiums, townhomes and
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