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Marketable title

A marketable title is one that is free from any legal defects and can be easily transferred to another individual. This means that the person holding the title has the legal right and ability to transfer ownership of the property. It is important to have a marketable title when buying or selling property to ensure a smooth and legal transfer. Without a marketable title, there may be complications and disputes over ownership. Therefore, it is crucial to thoroughly research and verify the title before entering into any property transactions.

Ballon Payment

The term "balloon payment" refers to the final and often larger payment on a debt, typically occurring after a series of smaller payments have been made. This type of paymen...

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Borrower category

In the realm of finance, it is crucial to determine the status of a borrower - whether they are salaried or self-employed. This distinction holds immense significance as it ...

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Stamp Duty

When we talk about finance, one term that often comes up is "stamp duty." This refers to the fee or duty that is paid on various financial documents, and the rate varies fro...

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Estimation

In finance, it is crucial to accurately determine the value of an asset, particularly if it is a pre-existing property. This process is known as estimation, or valuation. As...

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