Dictionary Conveyancing Terms
Property Law and Conveyancing Glossary of Terms
| Term | Definition |
|---|---|
| Finance | Money. Afrikaans - Finansies |
| Finance Charges | The interest charged on a loan. Afrikaans - Finansieringskoste |
| First Mortgage | The primary lien against a property. Afrikaans - Eerste Verband |
| Fixed Installment | The fixed monthly payment (including interest) due on a mortgage loan. It remains constant for a certain period, and goes hand-in-hand with Fixed Interest Rates. Afrikaans - Vastepaaiement |
| Fixed Interest Rate | The mortgage interest rate will remain the same for a specified term of the mortgage for the original borrower. Afrikaans - Vaste Rentekoers |
| Fixtures and Fittings | Attachments to a home, which are deemed to permanently belong to it. If it is permanently attached, nailed or screwed into the floor, wall or ceiling, it is a fixture. Afrikaans - Toebehore |
| Foreclosure | A legal process by which the lender or the seller forces a sale of a mortgaged property because the borrower has not met the terms of the mortgage. Also known as a repossession of property. Afrikaans - Eksekusie |
| Freehold | A free-standing house on a plot of ground with its own Erf number. Afrikaans - Eiendomsreg |
| Full Title | Describes the transfer of full ownership rights to the buyer. Afrikaans - Volledige Titel |
