Meaning LAND CONTRACT: A method of real estate financing; a mortgage-holding seller finances a buyer by taking a down payment and subsequent payments in installments, but holds the title until the mortgage is fully repaid
More terms such as Land contract in Dictionary L.
- Definition Lease:
- Examples A long-term rental agreement, and a form of secured long-term debt land contract definition.
- Definition Local Taxes:
- Examples Property, sewer, school, or other community paid to a locality. Local taxes are usually deductible for federal income tax purposes land contract explain.
- Definition Loss Ratio:
- Examples The ratio of losses paid or accrued by an insurer to premiums collected over a year land contract what is.
- Definition Locked Market:
- Examples if the bid price equals the ask price. This can occur, for example, if the market is brokered and one side pays brokerage only, in over-the-counter trading the initiator of the transaction. Highly land contract meaning.
- Definition Lifted:
- Examples Refers to over-the-counter trading. Having an offer taken in a stock, followed by the market maker raising the offer price land contract abbreviation.
