2. A FOR AMORTIZATION
Amortization: to spread a payment over a time period rather than making the
total payment all at once.
Amortization schedule:
a table or sheet that has all the information related to division of a payment over a
time period; including the interest rate and amount of payment at each stage.
3. B FOR Bill Of Sale
Bill Of Sale: A document used for transferring real estate, often used as a
measure of security for a debt.
Broker: A person involved in selling or buying property for others, who initiates
and mediates the negotiation between the two parties.
4. C for crowd funding
Crowd Funding:
The Collection Of Finances For A Project From Many People, Commonly
Through The Internet.
5. D FOR DEPOSIT
• Deposit:
the first installment of a payment, when something is bought on credit.
• Depreciation
a decrease in value of something over time.
• Down Payment:
the initial payment made for a contract, submitted as a pledge for a contract.
6. F For Farmhouse
Farmhouse:
typically refer to accommodation on a farm or a barn in
the countryside. However, in the modern urban context, it
refers to a similar palatial lodging on the outskirts of the
city that may be used for permanent or occasional living
or recreation.
7. House Building Loan: loan acquired for
building a home, home financing
the provision of loan by the seller to the
customer for buying a house, allowing the
customer to buy the home in installments.
Home Loan :
received by the customer by a firm or seller to
allow him/her to buy the house on installments,
home loan comparison rates
a tool that can be used by customers to
compare the loans by different firms or sellers
to find the actual cost of a loan, considering the
interest rate and payments.
H FOR HOUSE BUILDING LOAN
8. Loan Amortization:
scheduled payments at periodic intervals of both principal payments and
the interest by a customer.
Lower Portion:
refers to the ground floor of a double or multi-storied house that is often
sublet on monthly rent and is ideal for small families or single / double
occupation.
L FOR LOAN AMORTIZATION
9. M for Mortgage loan
Mortgage Loan:
a loan for
transferring a
property to the
loan provider as
security on a loan
by the customer.
10. •Payment Schedule:
payment schedule refers to the time or dates at which
the payments for a loan to be made
•Plot Files
written documentation or papers of land plots for sale
in housing communities that have not reached
completion yet or have not been opened to public.
These files are allotted to individuals after a balloting
and the possession of the plots is handed over to the
respective owners against the plot files after
completion of development.
•Property Lease Agreement
a contract by which owner of the property lends
property to the customer for a specified time
P FOR PAYMENT SCHEDULE
11. R FOR RENT AGREEMENT
RENT AGREEMENT:
a contract for letting a
property or house to a
customer for a specific
time in return a
periodic payment.
12. S FOR STUDIO APPARTMENT
STUDIO APPARTMENT:
a flat or apartment having
one main room or hall
connecting all the parts of
the apartment
13. T FOR TENANCY AGREEMENT
T For Tenancy:
contract between the
owner of the contract
and the tenant, in
exchange for periodic
payments.
14. U FOR UPPER PORTION
•
U FOR UPPER PORTION:
Refers to the second, third or greater
floor of a multi-storied house that is
often sublet for monthly rent and is
likewise suitable for small families or
single / double occupation.