Real estate terms listed in online real estate dictionary.

A GLOSSARY OF REAL ESTATE TERMS

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Word List

Definitions

NAR
Narrative appraisal report - brief form
Narrative appraisal report - full form
National Association of REALTORS®, NAR
National Flood Insurance Program
National Savings and Loan League
Natural person
Natural vacancy rate
Necessaries
Negative amortization
Negative cash flow
Negative easement
Negative fraud
Negotiable
Negotiable instrument
Negotiation
Neighborhood
Neighborhood shopping center
Net income
Net income multiplier
Net lease
Net listing
Net operating income, NOI
Net profit
Net spendable income
Net worth
Neutral depository
New England colonial
New England farmhouse
New town
Nominal interest rate
Nominal tax
Non-institutional lender
Nonbearing wall
Noncompete clause
Noncompetition clause
Nonconforming loan
Nonconforming use
Nonhomogeneity
Nonrecourse
Nonresident
Nonresidential
Nonzoning
Normal wear and tear
Notary public
Note
Note rate
Notice
Notice of cessation
Notice of completion
Notice of default
Notice of intention to sell
Notice of nonresponsibility
Notice of trustee's sale
Notice to quit
Notorious possession
Novation
Nuisance
Null and void
Nuncupative will

You chose: Negative amortization

A loan in which the outstanding principal balance goes up instead of down because the monthly payments are not large enough to cover the full amount of interest due and being insufficient the unpaid interest needs to be added to the principal amount

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