Dictionary

Definition:   a person or firm that acts as an intermediary between borrower and lender: one who , for compensation or gain, negotiates, sells or arranges loans and sometimes continues to service  the loans Pronunciation:   \ˈmȯr-gij\\ˈbrō-kər\ Used in a Sentence:    We used a mortgage broker to negotiate the best loan for our purchase.

Definition:    a legal agreement in which a person borrows money to buy property and pays back the money over a period of years Pronunciation:   \ˈmȯr-gij\ Used in a Sentence:    We applied for a 30 year mortgage when we bought our house.

Definition:   an act or behavior that gravely violates the sentiment or accepted standard of the community Pronunciation:    \-ˈtər-pə-ˌtüd, -ˌtyüd Used in a Sentence:   State licensing authorities may refuse to issue a license to any person convicted of a crime involving moral turpitude.  

Definition:   a visible marker, either a natural or artificial object, set by the government or surveyors, used to establish the lines and boundaries of a survey Pronunciation:   \ˈmän-yə-mənt\ Used in a Sentence:    The surveyor identifies each corner of the property with a visible marker called a monument.

Definition:   the actions undertaken by the Fed to influence the availability and cost of money and credit Pronunciation:   \ˈmä-nə-ˌter-ē also ˈmə-\ \ˈpä-lə-sē\ Used in a Sentence:   The Federal Reserve is charged with the action of setting monetary policy.

Definition:  a false statement or concealment of a material fact made with the intention of inducing some action by another party Pronunciation:   \(ˌ)mis-ˌre-pri-ˌzen-ˈtā-shən, -zən-\ Used in a Sentence:    Misrepresentation can be an affirmative statement such as, “This house does not have termites.”

Definition:   a crime that carries a less severe punishment than a felony; specifically: a crime punishable by a fine and by a term of imprisonment not to be served in a penitentiary and not to exceed one year Pronunciation:    \ˌmis-di-ˈmē-nər\ Used in a Sentence:    Failure to provide accurate and current rental information for a fee is a first-degree misdemeanor.

Definition:   the duties of the Division of Real Estate that involve recordkeeping Pronunciation:   \ˌmi-nə-ˈstir-ē-əl\\ˈdü-tē\ Used in a Sentence:   All of the recordkeeping done by the Division of Real Estate is part of their ministrial duties.

Definition:   a tax rate, expressed as the number of mills to be applied Pronunciation:   \ˈmi-lij\ Used in a Sentence:    The millage rate for the school district is 5 mills.