Business Terms and Jargon Explained

What is Non-Status Mortgage

This is a mortgage offer where no proof of income or previous mortgage was required. This type of mortgage gives about 70% of the property value. A credit check will still be carried out.

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Accounting method Emolument Ex works
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Forfeit Tentative Trust Negligible Value
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Profit and Loss Responsibility Confirmation of Verbal Agreement Taxing authority
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Nakfa Year to date Excise Duties

Term created / updated 2005-10-24 12:39:17

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