Negotiable

In real estate and finance, negotiable refers to an instrument or document that is capable of being transferred or assigned from one party to another in the ordinary course of business. A negotiable instrument allows the rights it represents to pass to a new holder...

Negative Cash Flow

In real estate investment, negative cash flow occurs when the income generated by a property is insufficient to cover its regular operating expenses. These expenses may include mortgage payments, property taxes, insurance, maintenance, and management costs. When a...

Negative Amortization

In real estate finance, negative amortization is a condition that occurs when the required loan payment is less than the interest accruing on the loan. As a result, unpaid interest is added to the principal balance rather than being fully paid each period. Even though...

Narrative Appraisal

In real estate appraisal, a narrative appraisal is a comprehensive written report that explains in detail the factual data, analysis, and appraisal methods used to determine a property’s value. It presents the appraiser’s reasoning and conclusions in a descriptive,...