BUYDOWN
Mortgage-financing method in which the buyer endeavors to lower the interest rate on a mortgage for at least its first few years. Usually, the builder or seller of the property provides payments to the lending institution. In turn, the lender reduces the monthly interest rate and payment. But the home seller increases the buying price of the property to recompense the expenditures relative to buydown agreement.
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Accumulation Area
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SEC Form DEF13E3
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Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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