DRY CLOSING
Real estate closing in which the entire closing requirements are completed except for disbursing funds and delivering documents. All involved parties agree the closing can still take place and the funds are transferred the soonest time possible after the closing. It refers to the completion of a deal which involves selling or exchange of real estate. In a conventional closing, the property title is given to the purchaser and all finances relative to the purchased are settled.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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Buying a Home: Choosing the Best Location
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