Gross amount of money available for the use of the owner before taking into consideration taxes. …
Anaconda Mortgage
A specific kind of mortgage. Contains a clause that states that it secures all debts owed to the mortgagee by the mortgagor and applies to rules of the mortgage to all such debts. Clause is also known …
Before-Tax Income
A person or corporation's gross earnings before taxes are deducted.Total income before taxes are deducted. …
Bachelor Apartment
A small rental dwelling unit which combines living and bedroom spaces into one room (and, sometimes, kitchen space as well). Also known as "efficiency suite" or "studio apartment". …
Below-Market Interest Rate (BMIR)
A subsidized interest rate on a mortgage or loan, often provided by a government to allow for acquisition of property or reduction in rents charged to tenants. …
Back End Ratio
A comparison of a borrower's monthly expenses to her gross monthly income used to assess her ability to carry a mortgage or other loan. …