Definitions with the letter M

are the assets belonging to the two spouses in a marriage under the matrimonial acquired property regime, also known as a community of property.

Mortgage Distribution is the act whereby the part of the loan to be covered by each of the properties is determined when several are mortgaged at the same time as a guarantee for a single loan.

Is any correspondence entered into by email between a company and its contacts or customers.

Is a document that is signed in the presence of a notary and which must contain all the data referring to the registrant, the conditions of the loan and the liabilities of both the registrant and the financial institution.

A Mortgage is a banking product that enables the customer to receive a certain amount of money (loan capital) from a credit institution (lender) in exchange for a commitment to repay such an amount, together with the corresponding interest, by means of regular payments (instalments). The difference between a mortgage and other types of loans is that it has additional collateral: the property that’s purchased.

Is the Tax on the Increase in Value of Land of an Urban Nature (IIVTNU). The town and city councils are responsible for administering this tax and each of them sets its own rates.

Is a transaction that consists of replacing the lender (mortgagee) or holder of a mortgage loan (the mortgagor) with another natural or legal person.

Are usually a type of commonhold construction.