Dictionary

Undivided Interest

Definition:   an interest in the entire property, rather than ownership of a particular part of the property Pronunciation: Used in a Sentence:   Mark and Craig have an undivided interest in...

Underwriting

Definition:  the analysis of the extent of risk assumed by a lender in connection with a proposed mortgage loan Pronunciation:   \ˈən-də(r)-ˌrī-tiŋ\ Used in a Sentence:   We had to wait for...

Trust Funds

Definition:   cash, checks, money orders, and items that can be converted into cash that a person (broker) holds in trust for another person Pronunciation: Used in a Sentence:  When we...

Trustee

Definition:   a person or party, either appointed or required by law to administer or manage another’s property Pronunciation:   \ˌtrəs-ˈtē\ Used in a Sentence:    He was named as trustee to...

Trust

Definition:   a right of property, either real or personal, held by one party for the benefit on another Pronunciation:    \ˈtrəst\ Used in a Sentence:    The property will be held...

Truth In Lending Act (tila)

Definition:   A body of federal law that ensures that borrowers and customers of consumer credit are given meaningful information with respect to the cost of credit. Pronunciation: Used in a...