SAM
Shared-Appreciation Mortgage (SAM) is a special kind of mortgage. It enables the purchaser to have the option to pay a specified amount for the loan balance through the passing along of the portion of the property’s value gain to the lender. For this special compensation, the lender charges an interest rate on the loan that is lower than the dominant market rate.
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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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