Real Estate Investment Book


Real Estate Investment Book


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Real Estate Terms of the Day for Real Estate Investment Book



DEFAULT
Failure to meet legal obligations in a contract, including failure to make payments on a loan.

LAW DAY
The date an obligation becomes due; sometimes refers to the closing date.

BULK TRANSFERS
Any transfer in bulk, and not in the ordinary course of the seller's business, of a major part of the materials, inventory or supplies of an enterprise.

BUDGET MORTGAGE
A mortgage with payments set up to cover more than interest and principal reductions.

TRUST FUND ACCOUNT
An account set up by a broker at a bank or other recognized depository, into which the broker deposits all funds entrusted to him by his principal or others.



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