Reduction Certificate (Payoff Statement)

Business / Real Estate / Reduction Certificate (Payoff Statement): The document signed by a lender indicating the amount required to pay a loan balance in full and satisfy the debt, used in the settlement process to protect both the sellers and the buyers interests.

Project Loan Certificate (PLC)

Business / Finance / Project Loan Certificate (PLC): A primary program of Ginnie Mae for securitizing FHA-insured and coinsured multifamily, hospital, and nursing home loans. MORE

Phase Reduction

Science / Tides and Currents / Phase Reduction: A processing of observed high and low waters to obtain quantities depending upon the phase of the Moon, such as the spring and neap ranges of tide. At a former time this process was known as second re MORE

Participation Certificates (PC)

Business / Finance / Participation Certificates (PC): Used in the context of general equities. Investments representing an interest in a pool of funds or in other instruments, such as foreign securities, that allow participation in the rise or fall of a MORE

Receivers Certificate

Business / Finance / Receivers Certificate: A debt instrument issued by a receiver and serving as a lien on the property, which provides funding to continue operations or to protect assets in receivership. MORE

Red-Eye Reduction

Technology / Digital Cameras / Red-Eye Reduction: Minimizes the reflection from the camera's built-in flash. MORE

Reduction Certificate (Payoff Statement)

Business / Real Estate / Reduction Certificate (Payoff Statement): The document signed by a lender indicating the amount required to pay a loan balance in full and satisfy the debt, used in the settlement process to protect both the sellers and the buyers interests. MORE

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