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Real Estate Glossary

Business Risk

This refers to the vulnerability of a particular company or organization to factors that will lead to the drop or failure of its profits. It is considered a business risk if it becomes a threat to the company's financial goals...

Real Estate Glossary

Federal Funds Rate

This is a centrally controlled interest rate set by the Federal Reserve Bank. It is the interest rate banks charge each other for overnight loans to meet reserve requirements. It is utilized to maximize employment and minimize...

Real Estate Glossary

In-place Rent

In comparison to market rent, in-place rent is collected or charged on property current leases. It is not based on market conditions instead it is based on the lease contract that is signed between the tenant and the landlord.

Real Estate Glossary

Defined-contribution plan

Upon retirement, an employee's benefits are determined by the amount contributed by their employer and/or the employee themselves during their tenure. Those retirement plans are typically tax-deferred. They include thrift plans...

Real Estate Glossary

Full recourse

This is a state wherein a debt obligation is owed in spite of the borrower's financial or personal situation. With this, the lender can get a hold of whatever asset they want to satisfy the borrower's debt. Full recourse gives...

Real Estate Glossary

Borrower

This is a person or entity that has applied and met the specific requirements of a lender to receive a monetary loan from them. The individual or entity initiating the request must sign a promissory note. In this note, they agree...