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GMAT vocab real estate

カード 30枚 作成者: Kenny15 (作成日: 2013/12/23)

  • Adjustable-Rate Mortgage (ARM)

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  • 1

    Adjustable-Rate Mortgage (ARM)

    補足(例文と訳など)

    答え

    • A loan with an interest rate that changes periodically in keeping with a current index, such as one-year treasury bills.

    解説

  • 2

    Agreement of Sale

    補足(例文と訳など)

    答え

    • A contract where a seller agrees to sell and a buyer agrees to buy, under specific terms and conditions spelled out in writing and signed by both parties.

    解説

  • 3

    Amortization

    補足(例文と訳など)

    答え

    • Paying off debt with installments, where the installments can be either a series of equal payments or, more commonly, a calculated schedule of payments that includes accumulation of interest. This calculation process is also often used to determine usage and depreciation on assets.

    解説

  • 4

    Annual Percentage Rate (A.P.R.)

    補足(例文と訳など)

    答え

    • The interest percentage of a loan, including all finance charges and other payments and credits, averaged over the course of a year.

    解説

  • 5

    Appraisal

    補足(例文と訳など)

    答え

    • A process of evaluating, estimating or determining the value of property or assets. This term is often used when discussing property values and asset evaluation. In addition, a "performance appraisal" is a common term for regular overviews of an employee's work in a company, which frequently impact salary and bonuses.

    解説

  • 6

    Blanket Mortgage

    補足(例文と訳など)

    答え

    • A mortgage or trust deed that covers more than one lot or parcel of real property, and often an entire subdivision. As individual lots are sold, a partial re-conveyance or release from the blanket mortgage is usually obtained.

    解説

  • 7

    Certificate of Title

    補足(例文と訳など)

    答え

    • A document issued by a title company, registrar, or attorney stating that the ownership of a piece of property is vested as stated on the document.

    解説

  • 8

    Closing

    補足(例文と訳など)

    答え

    • The process of executing legally binding documents, such as deeds and mortgages commonly associated with the purchase of real estate and borrowing money to assist in the purchase. Also known as "escrow" or "settlement."

    解説

  • 9

    Deed

    補足(例文と訳など)

    答え

    • A formal written agreement by which title to real property is transferred from one owner to another.

    解説

  • 10

    Easement Rights

    補足(例文と訳など)

    答え

    • A right-of-way granted to a person, organization, or government authorizing access to or over the owner's land.

    解説

  • 11

    Equity

    補足(例文と訳など)

    答え

    • Ownership in a corporation in the form of common or preferred stock. It also refers to total assets minus total liabilities, in which case it is referred to as shareholder's equity, net worth or book value.

    解説

  • 12

    Escrow

    補足(例文と訳など)

    答え

    • Funds paid by one party to another to hold until the occurrence of an event, after which the funds are released to a designated individual.

    解説

  • 13

    Federal Housing Administration (FHA) Guarantee

    補足(例文と訳など)

    答え

    • An insurance contract in which FHA insures that the named lender will recover a specific percentage of the loan amount from the insurer in the event that the loan goes bad.

    解説

  • 14

    Fee Simple

    補足(例文と訳など)

    答え

    • Unrestricted ownership of property, in which the owner has complete control, though the property is still subject to taxes.

    解説

  • 15

    Fixed-Rate Mortgage

    補足(例文と訳など)

    答え

    • A loan that carries an unchangeable interest rate over its entire term, typically a period of 15-30 years.

    解説

  • 16

    Foreclosure

    補足(例文と訳など)

    答え

    • A proceeding to take away all rights, title, and interest of the owner of property in order to sell the property to satisfy a lien against it.

    解説

  • 17

    Full Disclosure

    補足(例文と訳など)

    答え

    • In real estate, disclosing all the known facts that may affect the decision of a buyer or tenant.

    解説

  • 18

    Homeowner's Insurance

    補足(例文と訳など)

    答え

    • Real estate insurance protecting against loss caused by fire, some natural causes, vandalism, etc., depending on the terms of the policy.

    解説

  • 19

    HUD

    補足(例文と訳など)

    答え

    • U.S. Department of Housing and Urban Development. This federal department is responsible for the major housing programs in the United States, such as FHA.

    解説

  • 20

    Lease

    補足(例文と訳など)

    答え

    • An agreement by which an owner of real property gives the right of possession to another for a specified period of time and payment.

    解説

  • 21

    Market Value

    補足(例文と訳など)

    答え

    • The price that a home will get on the market, based on comparisons to similar homes that have sold recently in the area.

    解説

  • 22

    Mortgage

    補足(例文と訳など)

    答え

    • A lien on real property that is given by the buyer to the lender as a security for money borrowed.

    解説

  • 23

    Mortgage Broker

    補足(例文と訳など)

    答え

    • A person or company who negotiates mortgages for another person or company in order to receive a commission.

    解説

  • 24

    Mortgage Insurance

    補足(例文と訳など)

    答え

    • Insurance written by an independent mortgage insurance company that protects the mortgage lender against loss experienced by a mortgage default.

    解説

  • 25

    Negative Amortization

    補足(例文と訳など)

    答え

    • A circumstance that occurs when a loan payment is less than the principal and interest due on a loan.

    解説

  • 26

    Private Mortgage Insurance/P.M.I.

    補足(例文と訳など)

    答え

    • Insurance that is part of a mortgage contract to protect the lender.

    解説

  • 27

    Real Estate

    補足(例文と訳など)

    答え

    • Also called "real property," it is land and anything permanently attached to the land, such as buildings, fences and items that are attached to the buildings.

    解説

  • 28

    Real Estate Broker

    補足(例文と訳など)

    答え

    • A middleman or agent who purchase and puts up for sale real estate for a company, firm or individual in order to receive a commission.

    解説

  • 29

    Realtor

    補足(例文と訳など)

    答え

    • The term for a professional real estate broker who is a member of a national association of realtors and who follows its rules and regulations.

    解説

  • 30

    Tax Sale

    補足(例文と訳など)

    答え

    • The auctioning and sale of real estate for which the owner has not paid property taxes.

    解説

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