SELLER FINANCING
Seller Financing is also referred to as a ‘purchase-money mortgage’ that is a real estate agreement. It states that the purchase price includes the provided finance from a seller. This purchase-money mortgage is provided to the seller as a supplement to the buyer’s consideration for the property purchase. This mortgage is received at the same time as the transfer of the real property due to the fact that it is a simultaneous part of the transaction.
POPULAR TERMS
Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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