• Term describing any benefit to a lender above ordinary fixed-interest payments. It may be an equity position in a property or a percentage participation in the income stream.

condition of agreement, provision, feature

Related Terms and Acronyms

  • Conditional Commitment Definition,
    • A promise by a lender to make a loan if the borrower meets certain requirements.
  • Contract Definition,
    • An agreement between two or more parties that can be enforced by law.
  • Lender Definition,
    • The bank or mortgage company offering the loan.
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