Financial & Real Estate Terms (A to M)

What Is a Minimum Down Payment?

When purchasing a home, borrowers are required to make a monetary contribution that is referred to as the minimum down …

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What Does a Real Estate Attorney Do?

The purchase of a home is likely to be the most significant investment you'll ever make in your life. You should th…

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What Is Intestate, Definition

Intestate refers to passing away without a will . When a person dies intestate, it is the responsibility of the state&#…

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What Is a Holographic Will?

An alternative to a will drafted by an attorney is something called a holographic will, which is a document that is ha…

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What Is an Escheat?

Escheat refers to a government's legal right to seize estate assets or unclaimed property. It occurs most frequentl…

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What Is Estate Planning?

Estate planning is the preparation of tasks to manage a person's assets in the event of incapacity or demise. Inc…

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What Is a Grant?

A grant is an award, typically monetary, that is given by one entity (typically a company, foundation, or government) t…

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What Is a Financial Institution (FI)?

A company that engages in the business of dealing with financial as well as monetary transactions such as deposits, loa…

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What Is Default Probability?

The likelihood that a borrower may not be able to make scheduled repayments over a given period of time, typically one …

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What is a Creditworthiness?

Creditworthiness is the method by which a lender determines whether you will default on your debt obligations or wheth…

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