Lot And Block
Definition: a type of legal description of land Pronunciation: Used in a Sentence: The new subdivision used a lot and block map for us to ch...
Apr 08 , 2016
Loan-to-value Ratio (ltv)
Definition: the relationship between the amount borrowed and either the appraised value or sale price (whichever is lower) of a property Pronunci...
Apr 08 , 2016
Loan Servicing
Definition: an additional source of income for lenders. Servicing fees are based on the unpaid balance of loans serviced. Pronunciation: Used in...
Apr 08 , 2016
Loan Origination Fee
Definition: a charge by a lender for taking a mortgage in exchange for a loan Pronunciation: \-ˌri-jə-ˈnā-shən\ Used in a Sentence: The loan ...
Apr 08 , 2016
Littoral Rights
Definition: legal rights related to land abutting an ocean, sea or lake, usually extending to the high-water mark Pronunciation: ˈli-tə-rəl; ˌli...
Apr 07 , 2016
Litigation
Definition: a lawsuit; the act of carrying on a lawsuit; a case before a court of law Pronunciation: \ˌli-tə-ˈgā-shən\ Used in a Sentence: Th...