Welcome back to RealtyMyths weekly word wizard! Here are some real estate terms that you must know.
Alienation: The act of transferring property to another. Alienation may be voluntary, such as by sale, or involuntary, such as through eminent domain.
Alienation clause: Clause in a mortgage instrument that does not all the borrower to sell (without lender approval) on assumption or contract-for-deed.
Amortization: The liquidation of a financial burden by instalment payments, which include principal and interest.
Arbitrage: The simultaneous purchase and sale of a security with the purpose of obtaining a higher yield from the differential between its acquisition and selling price.