Lien

Lien – David Reecher A lien is an encumbrance on property which acts as security for the payment of a debt or the performance of an obligation.  A mortgage is a lien.  A lender will w... Read More

LIBOR Index

LIBOR Index – David Reecher Stands for “London Interbank Offered Rate”, and is the average yield of interbank offered rates for one-year U.S. dollar-denominated deposits in the London marke... Read More

Landmark

Landmark – David Reecher Landmark status is the designation given to a building or neighborhood that is under government protection for purposes of preservation... Read More

Land Lease

Land Lease – David Reecher A land lease is a situation in which a building and other land improvement are rented for a term of years.  At the end of the lease term, the right of possession... Read More