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glossary - R
Real estate agent
An individual who is licensed to negotiate and arrange real
estate sales and usually works for a real estate broker.
Realtor
A real estate broker or an associate holding active association
in a local real estate board affiliated with the National
Association of Realtors.
Revolving debt
While purchasing goods and services, the revolving debt known
as a credit arrangement or credit card allows a customer to
borrow against a pre-approved line of credit. The borrower
is billed for the amount that is in fact borrowed plus the
interest dues.
Repayment Plan
An agreement between a lender and a borrower, made to help
the borrower repay the offending installments.
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