Month: September 2019
Land Reclamation
Land Reclamation – David Reecher The process of upgrading unusable land through making physical improvements, such as draining and filling a swamp.... Read More
Land Contract
Land Contract – David Reecher A type of creative financing in which a down payment is made and periodic payments are made at intervals to pay off the balance. The purchaser may use, occupy and e... Read More
Lagging Indicators
Lagging Indicators – David Reecher Six lagging indicators issued by the government consisting of unemployment rate, corporate expenditures, labor cost per unit, loans outstanding, bank interest ... Read More
Kick-out Clause
Kick-out Clause – David Reecher Sales contract clause, which allows a seller to accept a contingent offer and then back out to accept a second and better offer without penalty.... Read More
Just Compensation
Just Compensation – David Reecher The fair market value of a property, paid to the owner, when that property is acquired in an eminent domain action.... Read More
Junior Mortgage
Junior Mortgage – David Reecher Loan that is subordinate to the primary loan and cannot be satisfied until the primary loan is paid.... Read More