Homeownership Pt. 3 Vocabulary

Front

What does 'assert' mean?

Back

To state a fact or belief confidently and forcefully.

Front

What does 'restitution' mean?

Back

The restoration of something lost or stolen.

Front

What does 'reparations' mean?

Back

The making of amends for a wrong one has done.

Front

What does 'integration' mean?

Back

Incorporation as equals into society.

Front

What does 'stark' mean?

Back

Severe or bare in appearance or outline.

Front

What is the meaning of 'homeownership'?

Back

The state of owning a home, including the responsibilities and rights that come with it.

Front

What does 'equity' refer to in real estate?

Back

The value of an owner's interest in a property, calculated as the current market value minus any liens.

Front

What is a 'mortgage'?

Back

A loan specifically for purchasing real estate, where the property serves as collateral.

Front

What does 'foreclosure' mean?

Back

The legal process by which a lender takes possession of a property when the borrower fails to make mortgage payments.

Front

What is 'appreciation' in the context of real estate?

Back

An increase in the value of a property over time.