One who receives payments.
One who makes payments.
All property which is not land or improvements permanently affixed to land. Examples: stocks, bonds, furniture, automobiles, clothing, promissory notes, etc. Items of tangible personal property are often referred to as chattels.
A charge made by a lender. One point equals one percent of the loan.
POWER OF ATTORNEY
A written authorization to an agent to perform specified acts on behalf of his principal. This may be granted as either a general or a limited power.
PRELIMINARY TITLE REPORT
A report from a title company of the present condition of title made prior to the issuance of a title policy.
An agreement to pay a penalty for the payment of a note before it actually becomes due.
The allocation of property taxes, interest, insurance premiums, rental income, etc., between buyer and seller proportionate to time of use.