Related Words

Re Mortgage: To re mortgage is arranging alternative finance for the purchase of a property which is already mortgaged.

Mortgage Pass-Through Security: Also called a pass-through, a security created when one or more mortgage holders form a collection (pool) of mortgages and sells shares or participation certificates in the pool. The cash fl . . . View Full Definition

Receded Gums: A condition characterized by the abnormal loss of gum tissue due to infection or bone loss.

Recasting: The process of rewriting existing loans, especially when there is a default. The term and interest rate may be adjusted to take pressure off the borrower.

Recapture Rate: A periodic allowance for the recovery of investment capital from the propertys income stream.

Receding Colours: Pale or cool colours tend to recede into the background, thus they give us the impression of distance.

Receipt: A term typically used to describe confirmation of a payment - if you buy some petrol you will normally ask for a receipt to prove that the money was spent legitimately.

Receivables Balance Fractions: The percentage of a month's sales that remains uncollected (and part of accounts receivable) at the end of succeeding months.

Receivables: Accounts receivable; an amount that is owed the business, usually by one of its customers as a result of the ordinary extension of credit,

Recapture Clause: A clause in some percentage leases where the lessor has the right to terminate a lease if a tenant does not obtain a desired gross.