Mortgage Bonds
Mortgage Bonds – David Reecher Bonds collateralized by real estate. Two kinds of mortgage bonds are senior mortgages, (having a first claim on assets and earnings), and junior mortgages (having ... Read More
Mortgage-backed Security
Mortgage-backed Security – David Reecher Certificates that pass-through principal and interest payments to investors.... Read More
Mortgage Amortization
Mortgage Amortization – David Reecher Repayment of a loan on a scheduled installment basis. As a loan is amortized, the equity in the associated property is increased. In the early years, the bu... Read More
Mortgage Acceleration Clause
Mortgage Acceleration Clause – David Reecher Provision in a mortgage, which gives the lender the right to demand repayment of the entire loan, under certain circumstances, such as default, prope... Read More
Moratorium
Moratorium – David Reecher A time period during which a certain activity is not allowed.... Read More
Monthly Association Dues
Monthly Association Dues – David Reecher Monthly payment paid to homeowners’ association and used for maintenance and repair in housing that has communal areas.... Read More
Month-to-Month Tenancy
Month-to-Month Tenancy – David Reecher A tenancy in which no written lease is involved, rent being paid monthly. It can be renewed for each succeeding month or terminated at the option of either... Read More
Modified Accelerated Cost Recovery System (macrs)
Modified Accelerated Cost Recovery System (macrs) – David Reecher Term given to two depreciation systems defined by the Internal Revenue Service. The primary system is called the General Depreci... Read More