Financial Definition of Builder Buydown Loan

Meaning of Builder Buydown Loan

A mortgage loan on newly developed property that the builder subsidizes during the early years of the development. The builder uses cash to buy down the mortgage rate to a lower level than the prevailing market loan rate for some period of time. The typical buydown is 3% of the interest-rate amount for the first year, 2% for the second year, and 1% for the third year (also referred to as a 3-2-1 buydown).

Legal Definition of Bull

One who believes the market will rise. (See: Bear)

Related Entries of Builder Buydown Loan in the Encyclopedia of Law Project

Browse or run a search for Builder Buydown Loan in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Builder Buydown Loan in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Builder Buydown Loan in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Builder Buydown Loan in the Legal Abbreviations and Acronyms Dictionary.

What does Bull mean in American Law?

The definition of Bull in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

In Roman Catholic ecclesiastical law, a sealed legal instrument issued by the Pope, containing and effecting a public act, e.g., a grant, decree, commandment, etc. Cf. bill. The seals of Roman emperors were called “bulla.” In stock market slang, a bull is an investor who expects the market to rise; hence a “bull market” is one dear to bulls, i.e., a rising market. See also bear.


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Bull in Law Enforcement

Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of bull.


See Also

  • Law Enforcement Officer
  • Police Officer
  • Law Enforcement Agency

Further Reading

Meaning of Bull in the Past

A letter from the pope of Rome, written on parchment, to which is attached a leaden seal, impressed with the images of Saint Peter and Saint Paul.


There are three kinds of apostolical rescripts, the brief, the signature and the bull, which last is most commonly used in legal matters. Bulls may be compared to the edicts and letters-patent of secular princes: when the bull grants a favor, the seal is attached by means of silken strings; and when to direct execution to be performed, with flax cords. Bulls are written in Latin, in a round and Gothic hand. Ayl. Par. 132; Ayl. Pand. 21; Mer. Rep. h. t. [1]


Notes and References

  1. Partialy, this information about bull is based on the Bouvier´s Law Dictionary, 1848 edition. There is a list of terms of the Bouvier´s Law Dictionary, including bull.

See Also

Hierarchical Display of Bull

Agriculture, Forestry And Fisheries > Means of agricultural production > Livestock > Cattle

Meaning of Bull

Overview and more information about Bull

For a more comprehensive understanding of Bull, see in the general part of the online platform.[rtbs name=”xxx-xxx”]


Translation of Bull

Thesaurus of Bull

Agriculture, Forestry And Fisheries > Means of agricultural production > Livestock > Cattle > Bull

See also


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