Legal Dictionary

Tag: Credits

  • Debt Service

    Interest payment plus repayments of principal to creditors, that is, retirement of debt….

  • Debt Service

    Interest payment plus repayments of principal to creditors, that is, retirement of debt….

  • Debt Financing

    Concept of Debt Financing in the context of Real Property A short definition of Debt Financing: Borrowing money rather than selling ownership interests (equity financing). For example: A corporation would get a loan or issue bonds as a means of debt financing. The corporation would issue stock […]

  • Credit Life Insurance

    Credit Life Insurance in the context of Real Property See: Mortgage Life Insurance in this legal Dictionary.

  • Debenture Bond

    An unsecured bond whose holder has the claim of a general creditor on all assets of the issuer not pledged specifically to secure other debt. Compare subordinated debenture bond, and collateral trust bonds….

  • Debtor’s Position

    Concept of Debtor’s Position in the context of Real Property A short definition of Debtor’s Position: Value of property over the amount of mortgages. Commonly called the equity.

  • Credit Opportunity

    Concept of Equal Credit Opportunity Act in the context of U.S. Real Property A short definition of Equal Credit Opportunity Act: Federal law granting women certain independent status, and preventing lenders from considering such negative credit aspects as the possibility of a woman having […]

  • Debt-to-income Ratio

    Debt-to-income Ratio in the context of Real Property See: Debt Ratio in this legal Dictionary.

  • Debt-to-income Ratio

    Debt-to-income Ratio in the context of Real Property See: Debt Ratio in this legal Dictionary.

  • Credit Enhancement

    Purchase of the financial guarantee of a large insurance company to raise funds….

  • Debt Ratio

    Total debt divided by total assets….

  • Credit Bureau Score

    Concept of Credit Bureau Score in the context of Real Property A short definition of Credit Bureau Score: A number representing the credit worthiness of a potential borrower.

  • Debtor’s Position

    Concept of Debtor’s Position in the context of Real Property A short definition of Debtor’s Position: Value of property over the amount of mortgages. Commonly called the equity.

  • Creditor’s Position

    Concept of Creditor’s Position in the context of Real Property Alternatives definitions of Creditor’s Position: (1) The portion of the value of property which is mortgaged, rather than the equity. (2) The portion of the value of property upon which a first mortgage could be obtained.

  • Creditor’s Composition

    Concept of Creditor’s Composition in the context of Real Property A short definition of Creditor’s Composition: An agreement by creditors to take a portion of a debt as satisfaction for the total due. Generally done to avoid a debtor having to declare bankruptcy.