Purchase - Law Dictionary Search Results
lis pendens
control of the court over property involved in a pending suit b : a doctrine under which one purchasing an interest in property involved in a pending suit does so subject to the adjudication of the rights
loan to value (ltv) ratio
percentage calculated by dividing the amount borrowed by the price or appraised value of the home to be purchased; the higher the LTV, the less cash a borrower is required to pay as down payment. Source: U.S.
obsolescence
obsolescence that results from external factors (as location) that render a property obsolete, no longer competitive, unattractive to purchasers or investors, or of decreasing usefulness [claimed that the appraisal failed to account for economic obsolescence resulting from
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private mortgage insurance (pmi)
private mortgage insurance (pmi) insurance purchased by a buyer to protect the lender in the event of default. The cost of mortgage insurance is
interplead
Old French plaidier] vt : to bring (adverse claimants) into court by interpleader [the defendants can injured stock purchasers if they fear the latter may have a superior claim…to the agents' illicit profits "R. C. Clark"] compare
procurement
procurement 1 : the act of procuring 2 : the purchasing, leasing, renting, or selling of materials, services, equipment, or construction
prospectus
to prospective buyers, investors, or participants ;specif : a description of a new security issue supplied to prospective purchasers and providing a disclosure of detailed information concerning the company's business and financial standing NOTE: Under the Securities
protection
their home market by restrictions (as high duties) on foreign competitive goods 4 a : immunity from prosecution purchased by criminals through bribery b : money extorted by racketeers posing as a protective association 5 : coverage
public offering
public offering : an offering of corporate securities to the general public or to potential purchasers whose level of knowledge or access to information about the securities is dependent upon the disclosures of the
real
see also real right compare personal 2 : actual 3 : adjusted for inflation esp. to reflect actual purchasing power [ income]
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