Business / Real Estate / Strict Foreclosure: In a strict foreclosure procedure, after a delinquent borrower has been notified and the proper papers have been filed, the court designates a specific period during which the balance of the default must be paid in full. If the payment is not made, the borrowers equitable and statutory redemption rights are waived and the court awards full legal title to the lender. There is no deficiency judgement in strict foreclosure cases.
Strict Noun Synonyms: rigorous, narrow, close, undeviating, confining, constricting, constrictive, rigid, defined, precise, exact, exacting, stringent, meticulous, compulsive, punctilious, finicky or finical, scrupulous, attentive, conscientious, faithful, thorough, complete
Strict Verb Synonyms: severe, austere, authoritarian, autocratic, stern, firm, hard, tough, uncompromising, inflexible, cold-blooded, iron-fisted, tyrannical, harsh, ruthless, pitiless, unsympathetic
Business / Finance / Foreclosure: Financial forecasting is the process of estimating future financial performance. The projected financial performance of a business is measured by using pro-forma financial statements as well as other MORE
Science / Biology / Restriction Enzymes: A series of enzymes that attach to DNA molecules at specific nucleotide sequences and cut both strands of DNA at those sites. A bacterial enzyme that cuts DNA at a specific recognition sequence. This MORE