20 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
Add a new termContributors in Relocation
Relocation
Valuation
Business services; Relocation
The degree of "worth" of the shipment. The valuation charge compensates the mover for assuming a greater degree of liability than that provided for in the base transportation charges. This is also ...
VA mortgage
Business services; Relocation
A mortgage that is guaranteed by the Department of Veterans Affairs.
Escrow officer
Business services; Relocation
An individual who administers an escrow and/or carries out the procedures necessary to transfer real property.
Escrow
Business services; Relocation
Funds paid by one party to another (the escrow agent) to hold until the occurrence of a specified event, after which the funds are released to a designated individual. Or may be associated with ...
Escalator clause
Business services; Relocation
A clause in a contract providing for the upward or downward adjustment of certain items to cover specified contingencies, particularly interest rates.
Equity advance
Business services; Relocation
Payment of a portion of the available equity in the employee's home prior to the sale of the home.
Equity
Business services; Relocation
The market value of real property, less the amount of existing liens.
