REA-FC14 2025

Also known as Non-Operating Assets.

• Redundant Assets

• Operating Assets

• Current Assets

• Fixed Assets

The remnant of an estate that has been conveyed to take effect and be enjoyed after the termination of a prior estate.

• Remainder

• Reversion

• Fee Simple

• Life Estate

The pledge of property as security for a loan while the borrower maintains possession of the property.

• Hypothecation

• Mortgaging

• Leasing

• Foreclosure

To relinquish an interest in or claim to a parcel of property.

• Release

• Retain

• Acquire

• Transfer

Coverage that includes personal liability and theft insurance in addition to hazard insurance.

• Renter's insurance

• Homeowner’s insurance

• Auto insurance

• Health insurance

A standardized package insurance policy covering a residential real estate owner against financial loss from common risks.

• Homeowner’s insurance policy

• Renter’s insurance policy

• Landlord’s insurance policy

• Property liability insurance

The person or persons named to receive property at the termination of a life estate.

• Remainderman

• Life Tenant

• Grantor

• Beneficiary

The cancellation of a lease by either party, which may occur by expiration, surrender, constructive eviction, or option.

• Termination (lease)

• Lease renewal

• Lease assignment

• Lease modification

A mortgage loan granted for a term of 3 to 5 years, secured by a long-term mortgage of up to 30 years with an interest rate that is renegotiated or adjusted each period.

• Adjustable-rate mortgage

• Fixed-rate mortgage

• Renegotiable rate mortgage

• Interest-only mortgage

The delineation/division of a city/municipality into functional zones where only specific land uses are allowed.

• Zoning

• Urban Planning

• Land Use Regulation

• City Mapping