Installment Sales Contract

In real estate, an Installment Sales Contract is an agreement in which the buyer agrees to purchase property by making periodic payments to the seller over time, rather than paying the full purchase price at closing. The buyer typically receives possession of the...

Installment Note

In real estate finance, an Installment Note is a promissory note that requires the borrower to repay a loan through a series of scheduled periodic payments. Each payment typically includes both principal and interest and continues until the loan balance is fully paid....

Injunction

In real estate and legal proceedings, an Injunction is a court order that directs a person or party to stop or refrain from performing a specific act. It is issued when the court determines that the action would be unfair, harmful, or unjust to the rights of another...

Indexing

In real estate finance, Indexing refers to adjusting a mortgage’s interest rate, payment amount, or loan terms based on changes in an established economic index. Common indexes include measures of inflation or published interest rate benchmarks. Indexing is most often...

Independent Contractor

In real estate and legal contexts, an Independent Contractor is a person who performs services for another while retaining control over how the work is completed. Unlike an employee, an independent contractor determines the methods and means used to achieve the final...

Indemnity Agreement

In real estate and legal contexts, an Indemnity Agreement is a contract in which one party agrees to compensate another for losses that may arise from a specified contingency. The party providing the indemnity promises to reimburse the other party up to a stated limit...