Shared AppreciationThe gaining or retaining of equity in a property by someone other than the buyer. For example: the seller retains a 25% interest in the property. This makes the buyer responsible for only 75% of the purchase price and, therefore, lowers the necessary financing by 25%. This obviously makes the property more affordable. By agreement, expenses are shared as well as any increase in value when the property is sold. Statement of Information (SI): A confidential information statement completed by the buyer, seller and borrower in every transaction where a policy or policies of title insurance are requested. Allows the title company to competently search documents affecting the property to be insured, documents which may not refer to said property. Allows title companies to differentiate between parties with similar names when searching matters such as liens and court decrees.
Stock Appreciation Right (SAR)Stock Appreciation Right (SAR)
A contractual right, often granted in tandem with an option that allows an individual to receive cash or stock of a value equal to the appreciation of the stock from the grant date to the date the SAR is exercised.
Shared Appreciation Mortgage (SAM)Shared Appreciation Mortgage (SAM)
A mortgage with a low rate of interest, offset by giving the lender some portion of the appreciation in the value of the underlying property.
Capital appreciation or depreciationCapital appreciation or depreciation
The increase or decrease in the value of the individual's investment in the property.
Shared appreciation mortgageShared appreciation mortgage
A mortgage in which a borrower pays a below normal rate of interest to the lender on the understanding that the latter shares a proportion of the appreciation of the property.
Currency appreciationCurrency appreciation
An increase in the value of one currency relative to another currency. Appreciation occurs when, because of a change in exchange rates, a unit of one currency buys more units of another currency.
Capital appreciation fund
Shared appreciation mortgage
Real appreciation or depreciation