Dictionary

Definition:  a document signed by the borrower of a loan and stating the loan amount, the interest rate, the time and method of repayment, and the obligation to repay Pronunciation: Used in a Sente...

Definition:   an estate in real property in which ownership is for a determinable time period, as in a lease Pronunciation:  \(ˈ)nän-ˈfrē-ˌhōld\\i-ˈstāt\ Used in a Sentence:   The nonfreehold estat...

Definition:   a mortgage loan, such as an FHA or VA,  that is insured or guaranteed by the federal government Pronunciation:    \(ˈ)nän-kən-ˈvench-nəl, -ˈven(t)-shə-nəl\ Used in a Sentence:   We ap...

Definition:  a permitted use of real property that was lawfully established and maintained at the time of its original construction but that no longer conforms to the current zoning law Pronunciati...

Definition: A legal plea where a defendant does not admit guilt but accepts conviction, similar to a guilty plea. Pronunciation: \ˈnō-(ˌ)lō-kən-ˈten-də-rē\ Used in a Sentence: The defendant entered...

Definition:   the broker does not represent the customer (customer may be the buyer or the seller) Pronunciation:    \ˈbrō-k(ə-)rij\  \ri-ˈlā-shən-ˌship\ Used in a Sentence:    In a no brokerage re...

Definition:    the resulting amount when all operating expenses are subtracted from effective gross income Pronunciation: Used in a Sentence:    The net operating income from the apartment building...

Definition:   a lease, usually commercial, in which the tenant not only pays the rent for occupancy but also pays maintenance and operating expenses such as taxes, insurance, utilities and repairs....

Definition:   profit from property or business after expenses have been deducted; effective gross income less operating expenses Pronunciation: Used in a Sentence:   The investor wanted to know the...