CFR > Title 24 > Subtitle B > Chapter II > Subchapter A > Part 200 > Subpart A > Commitment Applications
Current as of: 2024 | Check for updates
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§ 200.45 | Processing of applications |
§ 200.46 | Commitment issuance |
§ 200.47 | Firm commitments |
Terms Used In CFR > Title 24 > Subtitle B > Chapter II > Subchapter A > Part 200 > Subpart A > Commitment Applications
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Appraisal: A determination of property value.
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.