Principal Residential Mortgage


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Mortgage Which

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Mortgage Principal

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Principal Residential Mortgage in the Free Online Encyclopedia

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Principal Definition

–adjective
1. first or highest in rank, importance, value, etc.; chief; foremost.
2. of, of the nature of, or constituting principal or capital: a principal investment.
3. Geometry. (of an axis of a conic) passing through the foci.
–noun
4. a chief or head.
5. the head or director of a school or, esp. in England, a college.
6. a person who takes a leading part in any activity, as a play; chief actor or doer.
7. the first player of a division of instruments in an orchestra (excepting the leader of the first violins).
8. something of principal or chief importance.
9. Law.
a. a person who authorizes another 560 , as an agent, to represent him or her.
b. a person directly responsible for a crime, either as an actual perpetrator or as an abettor present at its commission. Compare accessory (def. 3).
10. a person primarily liable for an obligation, in contrast with an endorser, or the like.
11. the main body of an estate, or the like, as distinguished from income.
12. Finance. a capital sum, as distinguished from interest or profit.
13. Music.
a. an organ stop.
b. the subject of a fugue.
14. (in a framed structure) a member, as a truss, upon which adjacent or similar members depend for support or reinforcement.
15. each of the combatants in a duel, as distinguished from the seconds.
From Dictionary

Residential Definition

–adjective
1. of or pertaining to residence or to residences: a residential requirement for a doctorate.
2. suited for or characterized by private residences: a residential neighborhood.
From Dictionary

Mortgage Definition

–noun
1. a conveyance of an interest in property as security for the repayment of money borrowed.
2. the deed by which such a transaction is effected.
3. the rights conferred by it, or the state of the property conveyed.
–verb (used with object)
4. Law. to convey or place (real property) under a mortgage.
5. to place under advance obligation; pledge: to mortgage one's life to the defense of democracy.
From Dictionary

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