Glossary of Real Estate Terms |
Real
Estate Glossary : Includes all
the terms and definitions from the real
estate glossary on Woopidoo.com. All words
and terms relating to real estate, property
development, mortgages, rentals, and much
more.
All real estate
terms are listed alphabetically.
- Billionaire
- Refers to an individual whose net
wealth equals or exceeds one billion
dollars or pounds. If the individual
has wealth in a currency other than
dollars or pounds, the value of wealth
is assessed according to general exchange
rates.
- Deadline
- A Deadline is a specific date or due
date by a which time a project must
be completed or debt paid. The term
also refers to a time limit or specific
length of time by the end of which the
project or debt must be finished. Failure
to meet a deadline usually results in
negative consequences.
- Low
Doc Loans - Are mortgages that require
much less documentation or proof of
income than a regular mortgage. Low
doc loans in Australia are similar in
nature to Subprime loans in the United
States.
- Millionaire
- Is an individual whose net worth is
equivalent to or greater than one million
dollars or one million British pounds.
Individuals who quantify their worth
in other currencies qualify as millionaires
based on the exchange rate and their
estimated value in dollars or pounds.
- Mortgage
Loans - Is a loan used to purchase
property, often referred to as a mortgage
or a home loan.
- Personal
Finance - Personal Finance refers
to financial planning relative to the
individual. In general, the term relates
to analyzing an individual's current
financial status, budgeting, and planning
for the future.
- Philanthropy
- Usually refers to the act of generosity
associated with giving money, time,
or effort to a charitable cause or institution
under the intention of improving the
well-being of humanity.
- Social
Responsibility - The Term Social
Responsibility refers to the idea that
companies and corporations should contribute
wealth or resources solely dedicated
to the improvement of society as a whole.
The principal of social responsibility
dictates that these entities should
contribute at least a small amount of
resources to the general well being
of humanity.
- Subprime
Crisis - Is a 2007 financial crisis
that started in the United States of
America from the high number of defaulting
borrowers with subprime mortgages.
- Subprime
Lending - Is a type of lending commonly
used in the United States of America
by borrowers that would not usually
qualify for a regular loan.
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