Multifamily Dwelling Financial Glossary
What is it? (1) A building occupied by more than one family.(2) A building designed as a dwelling for more than one families at the same time.Finance Term Definition Added By: Jonathan
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Other Similar Finance Terms:
Financial Term Mortgage is A loan to buy a property There are different types of mortgage, such as buy to let, where you borrow money to buy a property you will let out to tenants. Almost all mortgages are partly secured on the value of the property, and can be for varying lengths of time.Financial Term Cash plan is Pays out cash if you have to spend time in hospital. May also pay towards other medical treatment.
Financial Term Application Fee is Fees that are paid upon application. An application fee may frequently include charges for property appraisal ($200-$400) and a credit report ($30-50). See also Glossary of Closing Costs.
Financial Term Offset mortgage is Offset or all in one mortgages allow you to offset the balance of your mortgage, and any other borrowings you have, against any money you have in a savings and/or current account that is held with the same lender. All your borrowings and savings may be combined in one account.
Financial Term external liquidity risk is A term defined by the Federal Reserve. The risk that a bank will experience funding problems as a result of factors outside of its direct control. The Federal Reserve defines three types of external liquidity risk. These are geographic (such as the premiums required on deposits at many Texas banks in the late 1980s), systemic (such as the adverse effects upon several large banks caused by the near failure of Continental Illinois Bank in 1984), or instrument-specific (such as the collapse of the perpetual floating-rate note market in 1986.)