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GLOSSARY

GLOSSARY TERMS by Alpha
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Late charge
Lease
Lease-purchase mortgage loan
Lemon Law
Lender's Title Insurance
Lending Rate
Leverage
Lien
Lienholder
Lifetime payment cap, or Lifetime rate cap
Line of credit
Linked Deposit
Liquid asset
List price
Loan
Loan Agreement
Loan fraud
Loan origination
Loan origination fee
Loan Tenure
Loan term
Loan-to-value (LTV) percentage
Lock-in
Long term debt
Loss mitigation
Loss Payable Clause

Lease

A written agreement between the property owner and a tenant that stipulates rent to be paid, as well as the terms under which the tenant may reside in the real estate for a designated period of time

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