Terms Starting with C

  • Contiguous Lots Definition,
    • Pieces of real estate that are next to each other.
  • Contingency Definition,
    • A condition that must be met before a property sale can be completed, such as a home inspection or mortgage approval.
  • Contingent Beneficiary Definition,
    • A beneficiary who only receives his or her benefit when specific conditions have been met.
  • Contingent Deferred Sales Charge (CDSC)Acronym,
    • Contingent Liability Definition,
      • A legal responsibility to pay certain sums conditional on a future event such as a law suit or court case.
    • Contingent Liability Program (CLP)Acronym,
      • Contingent Preferred Stock (CPS)Acronym,
        • Contingent Valuation Method (CVM)Acronym,
          • Continued Professional Learning (CPL)Acronym,
            • Continuing Education (CE)Acronym, Important,
                Many mortgage and insurance industry companies offer CE credit courses.
              • Continuous Link Settlement (CLS)Acronym,
                • Continuous Net Settlement (CNS)Acronym,
                  • Continuously Compounded Rate of Return (CCRR)Acronym,
                    • Contract Definition,
                      • An agreement between two or more parties that can be enforced by law.
                    • Contract Administration Services (CAS, CAR)Acronym,
                      • Contract Cost-Plus-Fixed-Fee (CPFF)Acronym,
                        • Contract Cost-Plus-Incentive-Fee (CPIF)Acronym,
                          • Contract For Deed (CFD) Acronym,
                            • An agreement for sale of property in which the buyer takes possession while making payments, but the seller holds title until full payment is made. Also called a land contract.
                          • Contract Holder Definition,
                            • The entity that holds the rights to a obligation or debt.
                          • Contract Maintenance Services (CMS)Acronym,
                            • Contract Service Arrangement (CSA)Acronym,
                              • Contract Services (CS)Acronym,
                                • Contract Support Services (CSS)Acronym,
                                  • Contract to Purchase Definition,
                                    • A document in which a property's buyer and seller approve the price and other terms of the transfer of title. Also known as an agreement of sale, a purchase contract or a sale contract.
                                  • Contractor Definition,
                                    • One who constructs or oversees construction of a house or a large renovation.
                                    • Someone that agrees to furnish materials or perform services at a specified price.
                                  • Contractor Controlled Insurance Policy (CCIP)Acronym,
                                    • Contractual Liability Insurance Policy (CLIP)Acronym,
                                      • Contractual Lien Definition,
                                        • A legal claim against property as a result of a voluntary contract, such as a mortgage.
                                      • Contributing Property Definition,
                                        • Buildings within a historic district are either contributing or non-contributing properties with regards to historic value.
                                      • Contributory Negligence Definition,
                                        • A legal defence that can be applied if the plaintiff is at least partially responsible for a harm, and if they are found partially liable, they can be denied any compensation.
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