12 Terms
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Relocation
Referring to any service that assists a family to move house or a business to move from one establishment to another.
Industry: Business services
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Relocation
Fixtures
Business services; Relocation
Property that is attached to real property and is treated legally as real property while it is so attached.
Fixed rate mortgage
Business services; Relocation
A mortgage in which the interest rate is constant for the entire term of the loan, typically 15 or 30 years.
Financing
Business services; Relocation
Method of providing money to a borrower for the purpose of purchasing a home.
Finance charge
Business services; Relocation
Total amount of interest and charges paid on a mortgage.
Discount point
Business services; Relocation
Discount points are the sum of money charged by a lender to reduce the interest rate of any particular loan. One point is equal to 1% of the loan amount.
Discount broker
Business services; Relocation
A real estate broker who works for a commission lower than that generally charged in the area.
Direct reimbursement programme
Business services; Relocation
A type of home sale programme in which the corporation does not guarantee an appraised value nor does it purchase the property from the employee but does reimburse some or all direct selling costs.
