Offices for Lease in Canterbury

mortgage acceleration clause
A clause which allows the lender to demand repayment of a entire loan balance in the lump sum under certain circumstances, such as when a home is sold, title is changed, a loan is refinanced, or a borrower defaults on the scheduled payment.

niche
A small recessed area in the wall, traditionally arched at a top.

back-end ratio
A lender calculation which compares the borrower's total debt (principal, interest, property taxes, and insurance, plus other monthly debt payments) to gross monthly income.

bilateral contract
A contract in which a parties involved give mutual promises. Also called the reciprocal contract.