1. BARGAIN AND SALE DEED (FAQs/Real Estate Glossary)
A deed which recites a consideration and conveys all of the grantor's interest in the property to the grantee.
09/05/2007 | 414 Hit(s) | (0 vote)
2. BALLOON PAYMENT (FAQs/Real Estate Glossary)
The final payment of a note or obligation, which is substantially larger than the previous installment payments, and which repays the debt in full; the remaining balance which is due at the maturity of a note or obligation.