Acquittance

Acquittance – David Reecher A document that shows that a debtor has been released from a debt obligation. An acquittance are often given as an indication from the lender to a debtor that the owe... Read More

Assignor

Assignor – David Reecher A person, company or entity who transfers rights they hold to another entity. The assignor transfers to the assignee. For example, a party (the assignor) that enters int... Read More

Buydown

Buydown – David reecher A buydown is a mortgage-financing technique with which the buyer attempts to obtain a lower interest rate for at least the first few years of the mortgage, but possibly i... Read More

Bullet Loan

Bullet Loan – David Reecher Any loan that requires a balloon payment at the end of the term and anticipates that the loan will be refinanced in order to meet the balloon payment obligation. Davi... Read More