short sale
Sell before owning
A short sale is a transaction where you sell something you don't yet own, typically borrowed stock, hoping to buy it back later at a lower price and pocket the difference.
If the price rises instead, you lose money—potentially unlimited amounts.
In real estate, a short sale is when a homeowner sells property for less than the mortgage owed, with the lender's approval, to avoid foreclosure.
Lender seizes mortgaged property
- mortgageSecured home loan
- lenderOne who loans money
- deficiencyLack of something needed
- underwaterBelow the surface
distressed · hardship · deed · title · escrow · appraisal · closing · buyer
Edge of a page
- brokerTransaction intermediary for hire
- bear marketProlonged securities decline
- securitiesTradeable financial assets
- tradingExchanging for value
stock exchange · leverage · hedging · arbitrage · investor · covering · borrowing · settlement
Reduction in retail price
- reductionMaking something smaller
- bargainFavorable purchase price
- clearancePermitted passage or approval
- savingsAccumulated money kept
slashed · rebate · promotional · limited-time
foreclosure
Lender seizes mortgaged property
- mortgageSecured home loan
- lenderOne who loans money
- deficiencyLack of something needed
underwater · distressed · hardship · deed · title · escrow · appraisal · closing · buyer · seller
margin
Edge of a page
- brokerTransaction intermediary for hire
- bear marketProlonged securities decline
- securitiesTradeable financial assets
trading · stock exchange · leverage · hedging · arbitrage · investor · covering · borrowing · settlement · speculation
markdown
Reduction in retail price
- reductionMaking something smaller
- bargainFavorable purchase price
- clearancePermitted passage or approval
savings · slashed · rebate · promotional · limited-time
- debtdebt, creditor, owe, debtor, lender
- Home Buyingmortgage, downpayment, down payment, closing, closing costs
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- housing crisishousing bubble, housing crash, subprime mortgages, foreclosures, subprime loans
- property transfertransfer of ownership, title, property transfer, lease, conveyance
- mortgage reliefloan modification, loan restructuring, forbearance, mortgage assistance, mortgage relief