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liability

must show that a defective product was the proximate cause of injuries, was defective at the time of purchase, and was used for its intended purpose in order to establish a products liability claim. secondary liability 1

leveraged buyout

: the acquisition of a company usually by members of its own management using debt to finance the purchase of equity with debt to be paid by future profits or sale of company assets

invest

return 2 : to make use of for future benefits or advantages vi : to commit funds or purchase something of intrinsic value for future gain : make an investment often used with in [ing in precious

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intermediate term mortgage

intermediate term mortgage a mortgage loan with a contractual maturity from the time of purchase equal to or less than 20 years. Source: U.S. Department of Housing and Urban Development

inflation

inflation the number of dollars in circulation exceeds the amount of goods and services available for purchase; inflation results in a decrease in the dollar's value. Source: U.S. Department of Housing and Urban Development

employee stock ownership plan (esop)

employee stock ownership plan (esop) An employer-provided benefit that allows employees to purchase stock in the company under certain favorable terms

HUD-1 settlement statement

such forms)] : a form signed at closing that sets out expenses, disbursements, and adjustments relating to the purchase of real property

honor

honor hon·ored hon·or·ing 1 : to accept and pay [the bank ed the check] 2 : to purchase or discount (a draft) in compliance with a letter of credit

help

may entitle the homebuyer to a reduced initial FHA mortgage insurance premium-from 2.25% to 1.75% of the home purchase price. Source: U.S. Department of Housing and Urban Development

grace period

penalty b : a period of ten days during which certain security interests (as those in fixtures or purchase money security interests) must be perfected in order to have priority over conflicting security interests under Article 9

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