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Weekly Word Wizard – RealtyMyths

Real Estate Weekly Word Wizard.

Welcome back to RealtyMyths weekly word wizard! Here are some real estate terms that you must know.

Alienation: The act of transferring property to another. Alienation may be voluntary, such as by sale, or involuntary, such as through eminent domain.

Alienation clause: Clause in a mortgage instrument that does not all the borrower to sell (without lender approval) on assumption or contract-for-deed.

Amortization: The liquidation of a financial burden by instalment payments, which include principal and interest.

Arbitrage: The simultaneous purchase and sale of a security with the purpose of obtaining a higher yield from the differential between its acquisition and selling price.

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