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Definitions (2181)

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Zoning Ordinances


Local laws that establish building codes and usage regulations for properties in a specified area.
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Zoning variance


When an exception is made in a zoning ordinance by the local government. These are granted on a case by cases basis.
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Zoning


Areas that are designated by the local government where certain types of land uses are allowed. An area may be zoned for residential or commercial building.
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Zero balance


The wonderful appearance of a zero balance occurs when a borrower has paid of their loans and there is nothing left to repay.
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zero capital gains rate


Zero capital gains rate is the 0 percent tax rate that's applied when an individual sells property in a designated enterprise zone. The existence of the zero capital gain rate is intended to stim [..]
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Yupcap


Yupcap is a slang term for a young, educated, working professional who can't afford to buy a home. Yupcaps have reliable, competitive income, but are kept out of homeownership due to the rising c [..]
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Yield curve


A yield curve is a graph that shows the relationship between interest rates and time.
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yield spread premium


Yield spread premium is the difference between the interest rate a borrower pays on a mortgage loan, and the lender's par rate for which that borrower qualifies. This difference is the broker [..]
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Wraparound Mortgage


A consolidation of balances on all mortgages into one loan.
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Writ


Writ is a written, binding order issued by a judge, judicial officer or court.  
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