Real Estate
Glossary
This glossary has been provided to help Colorado Springs
homebuyers understand the unique language
of the real estate business.
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period:
The time between the initial filing of a registration statement
and its effective date is known as "Waiting period".
Weighted-average coupon:
The weighted average of the gross interest rates of the mortgages
underlying a pool as of the issue date, with the balance of each
mortgage which is used as the weighting factor, is known as ëWeighted-
average coupon.
Workout:
This is a process by which a borrower tries to negotiate with
a lender for restructuring the borrowerís debt rather
than go through foreclosure proceedings
Write-down:
This is an accounting procedure that is used when the book value
of an asset is adjusted downward to better reflect current market
value.
Write-off:
This is also an accounting procedure which is used when an asset
has been determined to be uncollectible and is therefore charged
as a loss.
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