Related Words

Broker Agreement: A contract between a borrower and a mortgage broker. It describes what the broker will do for the borrower, and the terms of the agreement, including compensation.

Noncompete Agreement: A contract restricting an employee from obtaining employment with a competitor within a specified industry, distance and/or time frame.

Nondisclosure Agreement: A contract restricting an employee from disclosing confidential or proprietary information.

Multilateral Agreement: A trade agreement involving three or more countries (as with the World Trade Organization) in contrast to a bilateral agreement (as with the US-Canada Free Trade agreement) involving only tw . . . View Full Definition

Mortgage Broker-Company: A person or firm that acts as an intermediary between borrower and lender, one who, for compensation or gain, negotiates, sells or arranges loans and sometimes continues to service the loans . . . View Full Definition

Mortgage Broker: A person or company engaged in the arrangement of mortgages for buyers. The broker is usually paid a commission by the lender.

North American Free Trade Agreement (NAFTA): A multilateral agreement negotiated by the United States, Canada and Mexico that sets forth agreements to lower and/or eliminate unfair trade barriers that affect the trade of goods and serv . . . View Full Definition

Money Broker: A type of agent who arranges short term loans between banks (which are seeking to lend money) and borrowers such as institutions. The money broker is not involved in the process of lending/b . . . View Full Definition

North American Free Trade Agreement Implementation Act: P.L. 103-182 (December 8, 1993) approved and implemented the North American Free Trade Agreement (NAFTA). NAFTA pertains to cross-border trade between the United States, Mexico, and Canada. . . . View Full Definition

Partnership Agreement: A written agreement among partners detailing the terms and conditions of participation in a business ownership arrangement.