- residual estate
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Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
residual estate
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residual estate — noun : residuary estate … Useful english dictionary
estate — es·tate /i stāt/ n [Anglo French estat, literally, state, condition, from Old French, from Latin status, from stare to stand] 1: the interest of a particular degree, nature, quality, or extent that one has in land or other property compare fee;… … Law dictionary
Residual Interest — A type of interest payment received by investors in a real estate mortgage investment conduit (REMIC). Investors receive interest payments after all required regular interest has been paid to investors within higher priority tranches. Residual… … Investment dictionary
residuary estate — see estate 3a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. residuary estate … Law dictionary
Residuary estate — A residuary estate, in the law of wills, is any portion of the testator s estate that is not specifically devised to someone in the will, or any property that is part of such a specific devise that fails. It is also known as a residual estate or… … Wikipedia
Real Estate Mortgage Investment Conduit — Real Estate Mortgage Investment Conduits, or REMICs, are a type of special purpose vehicle used for the pooling of mortgage loans and issuance of mortgage backed securities. They are defined under the United States Internal Revenue Code (Tax… … Wikipedia
Real estate appraisal — Real estate appraisal, property valuation or land valuation is the practice of developing an opinion of the value of real property, usually its Market Value. The need for appraisals arises from the heterogeneous nature of property as an… … Wikipedia
real estate mortgage investment conduit — ( REMIC) The name of a type of mortgage backed pass through security. REMICs can take many forms. REMICs are typically multiclass securities. Unlike simple, non REMIC CMOs, REMICs can separate mortgage pools into different risk classes as well as … Financial and business terms
British post-war temporary prefab houses — were the major part of the delivery plan envisaged by war time Prime Minister Winston Churchill in March 1944, and legally outlined in the Housing (Temporary Accommodation) Act 1944, to address the United Kingdom s post–World War II housing… … Wikipedia
Donington Hall — is a house and residual 1,100 acre (4.5 km2) estate in Castle Donington, North West Leicestershire, located close to the city of Derby. The Hall serves as the headquarters for airline BMI. The residual estate was purchased from the Gillies… … Wikipedia
