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Canadian Real Estate / Mortgage Glossary : K

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 Key
A password needed to decipher encrypted data.

 Key Lot
A lot of which ownership is essential in acquiring a piece of land for development, either because of its strategic location or the timing of the acquisition.

 Kicker
Term describing any benefit to a lender above ordinary fixed-interest payments. It may be an equity position in a property or a percentage participation in the income stream.


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