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PARTICIPATION MORTGAGE A mortgage in which the lender participates in the income of the mortgaged venture beyond a fixed return, or receives a yield on the loan in addition to the straight interest rate. ABSORPTION RATE An estimate of the rate at which a particular classification of space - such as new office space, new housing, new condominium units and the like - will be sold or occupied each year. INJUNCTION A legal action which forbids a party defendant from doing some act; it requires a person to whom it is directed to refrain from doing a particular thing. ANCHOR TENANT Major department or chain stores which are strategically located at shopping centers so as to give maximum exposure to smaller satellite stores. VARIABLE RATE Interest rate that changes periodically in relation to an index. |
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