Financial and Real Estate Terms

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Renters insurance

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Insurance to protect personal property while leasing.

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Landlord

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The owner of property that is leased or rented to another.

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Tenant

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One who rents or leases a property from a landlord.

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Lease agreements

Back

Rental agreements.

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Property value

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The estimated price of a property.

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Mortgage

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A loan a homebuyer obtains if unable to pay cash for a home.

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Homeowners insurance

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Insurance a person purchases to protect the contents and structure of a home.

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Equity

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The difference between the appraised value and the balance on the mortgage loan.

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Bank

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A depository institution that makes loans and stores deposits.

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Interest

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A fee for the use of money over time or money earned on a savings account.