What does coterminous mean in real estate?

What does coterminous mean in real estate?

What Does Coterminous Mean? Coterminous loans refers to a supplemental loan with a maturity date that is the same as a senior debt, or an original loan. Coterminous is most often used to describe mortgage loans, such as those for residential and commercial borrowers.

What is co terminus mean?

adjective. 1. having a common boundary; bordering; contiguous. 2. coextensive or coincident in range, time, scope, etc.

What does non coterminous mean?

Non-coterminous means that the boundaries, scope, or duration of something is not consistent with another.

What is considered a co terminus with the incumbent?

Co-Terminus with the Incumbent (CTI) status means the employee shall hold on to his/her item until he/she retires or chooses to leave the service.

What is co terminus warranty?

1 enclosed within a common boundary. 2 meeting at the ends; without a break or interruption.

What is considered a co-terminus with the incumbent?

What is the difference between coterminous and conterminous?

As adjectives the difference between conterminous and coterminous. is that conterminous is meeting end-to-end or at the ends while coterminous is (of property leases) linked or related and expiring together.

What is co Terminous appointees?

Coterminous — an appointment issued to a person whose tenure is limited to a period specified by law or whose continuity in the service is based on the trust and confidence of the appointing officer/authority or of the head of the organizational unit where assigned.

Who are coterminous employees?

Coterminous status – an appointment issued to a person whose entrance and continuity in the service is baseci on the trust and confidence oi the appointing authority or that which is subject to his pleasure, or coexistent with his teriure, or limited by the duration of project or subject to the availability of funds.

What coterminous means?

1 : having a common boundary conterminous countries. 2 : coterminous. 3 : enclosed within one common boundary the 48 conterminous states.

How do you spell coterminous?

having the same border or covering the same area. being the same in extent; coextensive in range or scope. Also co·ter·mi·nal [koh-tur-muh-nl].

What is the difference between contiguous and conterminous?

As adjectives the difference between conterminous and contiguous. is that conterminous is meeting end-to-end or at the ends while contiguous is connected; touching; abutting.

What does coterminous mean in business?

“COTERMINUS” (listed as a business variant) : two or more linked business contracts, set to expire at the same time. COTERMINOUS (accepted spelling): having the same coverage, range, or scope (coterminal, coextensive) What is the definition of a contract meeting? what is a contract meeting The definition of a contract is?

What is a co-oterminous loan?

Updated Mar 25, 2018. Coterminous refers to a supplemental loan with a maturity that is the same as the senior, or original, loan.

What is a coterminous district?

1 : having the same or coincident (see coincident sense 2) boundaries a voting district coterminous with the city.

What are the requirements for a coterminous mortgage?

Lenders might require that the original loan must have a minimum amount of time left—five years, for example—on its term before a coterminous loan is approved. A coterminous mortgage may have a minimum amount that must be borrowed.