National Environmental Policy Act at Real Estate Glossary
What is it? The Act requires an environmental impact statement for federal actions that significantly affect the quality of the environment. (See environmental impact statement)Real Estate Definition Added By: Jackson
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Other Similar Real Estate Terms:
Real Estate Term Payee is The person to whom a debt instrument, such as a check or promissory note, is made payable; obligee, the receiver. (See maker, receiver)Real Estate Term Construction to permanent loan is The conversion of a construction loan to a longer-term traditional mortgage after construction has been completed.
Real Estate Term Remaining term is The original loan term minus the number of payments made.
Real Estate Term Company Dollar is The term company dollar is the amount left over after all commissions have been paid out.
Real Estate Term Mill is One-tenth of one cent. Some states use a mill rate to compute real estate taxes; for example, a rate of 52 mills would be $0.052 tax for each dollar of assessed valuation of a property.