9/6/2010
Agent Login
Glossary
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48 glossary terms found
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Cancellation clause
A clause that details the conditions under which each party may terminate the agreement.
Cap
A limit on the amount the interest rate or monthly payment can increase in an adjustable-rate mortgage.
Capital gains
Profits an investor makes from the sale of real estate or investments.
Capital gains tax
A tax placed on the profits from the sale of real estate or investments.
Capital improvement
Any improvement that extends the life or increases the value of a piece of property.
Capitalization
A mathematical formula that investors use to compute the value of a property based on net income.
Capitalization rate
The percentage rate of return estimated from the net income of a piece of property.
Certificate of deposit index
An index based on the interest rates on six-month CDs. It used to determine the interest rate for some adjustable-rate mortgages.
Certificate of eligibility
A document issued by the Veterans Administration that verifies the eligibility of a veteran for a loan program.
Certificate of occupancy
A document which states that a home or other building has met all building codes and is suitable for habitation.
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