Glossary

Click on a letter to explore more definitions

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

Quick Reference Glossary


Annuity: An amount paid yearly or at other regular intervals, often on a guaranteed dollar basis. Basically an investment that generates a stream of equal cash flows.

Note (Promissory note): A note, promissory note, mortgage note or trust deed note is a borrowers written promise to pay a sum of money in the future.

Trust Deed (Deed of Trust): A trust deed or deed of trust specifically pledges a borrower’s real estate as collateral against a note, promissory note or real estate note. 

Mortgage: A mortgage or mortgage deed specifically pledges a borrower’s real estate as collateral against a note, promissory note or real estate note.

Land Contract: A land contract, contract for deed or real estate contract is a method of selling property with owner financing.
Subpages (26): View All