Reserve Requirements at Real Estate Glossary
What is it? A flat percentage of deposits, required by the Federal Reserve, to be set aside by member banks as a precaution. (See Federal Reserve)Real Estate Definition Added By: Marissa
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Other Similar Real Estate Terms:
Real Estate Term Monetary Policy is Governmental regulation of the amount of money in circulation through such institutions as the Federal Reserve Board. (See Federal Reserve)Real Estate Term Pre-approval letter is A letter from a lender that informs a seller about the amount of money that a potential buyer can obtain.
Real Estate Term Debit is A charge on an accounting statement or balance sheet (appearing on the left-hand column); the opposite of a credit. Used in bookkeeping and in preparing the closing statement in a real estate transaction.
Real Estate Term Accrued Items is In a closing statement, items of expense that are incurred but not yet payable, such as interest on a mortgage loan or taxes on real property.
Real Estate Term Subject To is The recognition by a buyer of conditions (such as a prior loan), which are not the buyers legal responsibility.