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SHOPPING CENTER A modern classification of retail stores, characterized by off-street parking and clusters of stores, subject to a uniform development plan, and usually with careful analysis given to the proper merchant mix. JOINT VENTURE The joining of two or more people in a specific business enterprise such as the development of a condominium project or a shopping center. TERM The period of time between the beginning loan date on the legal documents and the date the entire balance of the loan is due. SURVEY The process by which boundaries are measured and land areas are determined; the on-site measurement of lot lines, dimensions, and position of houses in a lot including the determination of any existing encroachments or easements. FHLMC See Federal Home Loan Mortgage Corporation. |
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