Letter N Vocab Flashcards
1
Q
A waterway than can be used for commerce (used by a commercial vessel).
A
Navigable Waterway
2
Q
A loan that fails to
meet normal federal banking requirements for funding.
A
Nonconforming Loans
3
Q
This term means that no two properties are the EXACT same.
A
Non-Homogeneity
4
Q
A waterway that is not large enough to accommodate commercial vessels (commerce).
A
Non-Navigable Waterway
5
Q
This occurs when a realtor swaps contracts and submits a substitution of a new contract in
place of an old one OR The substitution of parties OR parts of an existing contract.
A
Novation
