From Property Talk Community Wiki
As with all businesses, property investment has its own jargon. Here are some links of jargon, which started from a list supplied by Lisa Dudson[1],
An Index of Property Investment Jargon
Certificate of Compliance (or Code of Compliance Certificate or CCC)
Conditional Loan Approval (or Conditional Finance)
Encumbrance (see also Unencumbered)
Equity Loan or Equity Mortgage
Floating Interest Rate (or Variable Interest Rate)
Freehold Property or Freehold Title
Income and Expenditure Statement
Joint Tenancy (Land Ownership)
Joint Tenants (Renting)
Lenders Mortgage Insurance (LMI)
LIM (LIM Report)
Line of Credit See Revolving Credit Mortgage
Lo Doc Loans Refer No Financials Loan
Off The Plans (buying off)
Old System Title also called Common Law Title
Search (or Title Search)
Stratum Title also known as Company Title
Supporting Documentation (for a Loan Application)
Tenants in Common (Land Ownership)
Transfer (or Transfer of Title)
Unencumbered (see also Encumbrance)
Variable Interest Rate (or Floating Interest Rate)
See also Abbreviations Common To Property Investment
--Perry 23:35, 24 October 2007 (NZDT)
