Terms starting with "C": | cap | cash reserves | certificate of title | closing | closing costs | commission | condominium | conventional loan | cooperative (co-op) | credit history |

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The latest defined terms, starting with the letter C:

credit history

The history of an individual's debt payment; lenders use this information to gauge a potential borrower's ability to repay a loan.

cooperative (co-op)

A collectively held structure in which residents purchase stock in a cooperative corporation that owns the structure; each stockholder is then entitled to live in a specific unit of the structure and is responsible for paying a portion of the loan.

conventional loan

A private sector loan, one that is not guaranteed or insured by the U.S. government.

condominium

A property and form of ownership in which individuals purchase and own a unit of housing in a multi-unit complex; the owner also shares financial responsibility for common areas.

commission

An amount, usually a percentage of the property sales price, that is collected by a real estate professional as a fee for negotiating the transaction.

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