One 100th of 1%.A basis point is one one-hundredth of one percentage point. For example, the difference between a loan at 8.25 percent and a mortgage at 8.37 percent is 12 basis points. …
American Society Of Real Estate Counselors
A Professional Society, for persons specializing in helping people buy and sell homes. …
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Bearer Instrument
A valuable document (a bond or other security) which does not bear the name of its legal owner; may be redeemed by whoever is in possession of it. …
Amortization
The preparation of a payment plan for a loan which allows for equal payments to be made to the creditor at consistent intervals over the life of the loan (the amortization period). Each payment covers …
Bedroom Community
A bedroom community is a residential area or suburban neighborhood located on the outskirts of a major city, where a significant portion of the residents commute to the city for work. These …
Amortization Schedule
The printed table of the payments to be made on an amortized loan showing the date and amount of each payment, the amount of each payment which will be applied to interest and to principal and the …